[jacobolus]

Helping “normal people” retire was cited as the reason to pass Proposition 13, but the biggest beneficiaries (and the initiative was designed with this in mind, to be sure) were corporate property owners, who because they never get old and die, can never have their property taxes raised (well, it can increase 2% per year, generally less than inflation).

[gscott]

Corporations "die" and then sell the property. K-Mart had more value in property then in it's own business. Granted some corporations are getting a good deal, but in another article here they are getting such a bad deal they are leaving. Corporations benefiting may just be a necessary evil.