| "Owning the land is an important piece of wealth transfer from generation to generation" It's worth questioning whether this is a desirable goal. I'm not saying it is or isn't, but I don't think it would be universally accepted. At the risk of being grim, I stand to inherit a gorgeous home near Monterey purchased by my grandparents in the 1950's that I could never, ever afford now - and with prop 13 I could continue to afford it. But is that good? I wouldn't even live there full time. Maybe someone else could make better use of that land, but the current tax system enables me to keep it as a luxury when someone else might want it as a necessity (a home). Eventually, of course, it will go to someone else, as a logical consequence of not being a chain of only children, so there is that. It's also worth considering that "owning" land is a little bit strange in the sense that if it's in a location that can support life reasonably comfortably (fresh water, decent soil) and isn't inhabited by aboriginal people, the paper trail goes back to "someone just took it from the inhabitants" which puts modern claims on shaky grounds. Though all of this is kind of secondary to the fact that we made it damn near illegal to build new homes near good jobs. |
Do those aboriginal people have an army that can reconquer the land? If not, then the shaky grounds aren't that shaky. We still live in an environment where the rule "might makes right" still applies. Don't forget that.