News for hackers. Stuff that matters.
Re:San Francisco Bubble by nwah1 on Friday January 29, 2016 @03:59PM (#10998453)
Exactly! Although, it isn't just that assessments need to rise in tandem with values, which Prop 13 prevents, but the rates on land ought to rise dramatically which Prop 13 also prevents. And taxes ought to be eliminated for improvements.

Considering people seem to have planned their lives around the implicit expectation of the current tax structure, it isn't ridiculous for seniors on "fixed incomes" to be nervous.

But let's remember that seniors are the wealthiest age demographic, and those among them who are actually financially needy can be easily cared for while still not stifling all the hopes of young entrepreneurs.

There are no comments on this comment yet.