Hacker News new | ask | show | jobs
by mistrial9 836 days ago
a retired attorney in California said this recently.. (he is close to 80 so he recalls a lot of the context of Prop 13)

"Prop 13 is the worst thing to happen to California in a long time. It has lasting effects today. At the time, the press was full of 'tax fighter' stories about saving the poor old retirees from having their homes taken away sourced from Howard Jarvis Taxpayers Association among others. This is not the real story. The real story is that big corporations in California own land and do not sell it in practice. Prop 13 froze the property tax that Corporations pay at the same time as the homeowners."