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Re:The Bay Area’s tech boom in historical and social context by nerfhammer on Friday July 06, 2018 @04:12PM (#17474739)
on average prop 13 overwhelmingly benefits wealthy homeowners. So why not add an income level qualification to prop 13 so that it only benefits people that actually need it?
Re:The Bay Area’s tech boom in historical and social context by alonmower on Friday July 06, 2018 @04:22PM (#17474810)
That's the first time I've heard this suggestion but it seems to make a lot of sense
Re:The Bay Area’s tech boom in historical and social context by sanderjd on Friday July 06, 2018 @04:42PM (#17474924)
This might well be a good thing to do, but it should be noted that income qualifications come with their own entire bag of tricky problems and potential perverse incentives.

What income level do you set it at? Is it a cliff or phased out? If the latter, what does the curve look like? How does it change with inflation? Are these questions set up front or negotiated by politicians at some frequency? How is wage vs. capital-based income handled? These are the kinds of tricky questions that come up (and are usually not answered very well) with any program that attempts to inject some income-based fairness into some government system.

So I think the answer to your "why not?" is that it will be hard to get it right and is likely to become a political football that may end up making things worse in some way. But the argument for doing it may still be stronger (it seems so to me, without knowing much about it), I'm just saying that there is also a fairly strong counterargument to this sort of thing.

Re:The Bay Area’s tech boom in historical and social context by pimmen on Saturday July 07, 2018 @08:28AM (#17478198)
If you would get it wrong, such as setting the income level too high, how would it be worse than now?

And it’s not set in stone, why not try? You would increase tax revenue and thus have more resources to deal with the problens. And there’s lots of examples across the world that have done this and can share experiences of what to look out for.

Re:The Bay Area’s tech boom in historical and social context by zyang on Friday July 06, 2018 @04:34PM (#17474886)
But it would selectively drive out productive members of community. Adding more rules to an already broken legislation would not work in the long run.
Re:The Bay Area’s tech boom in historical and social context by almost_usual on Friday July 06, 2018 @04:36PM (#17474894)
What are "productive members of the community"? People who seek profit, hide their wealth, and flip houses to make more money?
Re:The Bay Area’s tech boom in historical and social context by claydavisss on Friday July 06, 2018 @04:44PM (#17474943)
Oh be serious...is this the new reasoning, homeowners are mustache-twirling villains?
Re:The Bay Area’s tech boom in historical and social context by eli_gottlieb on Monday July 09, 2018 @10:30AM (#17490399)
Yes? I mean, as a perma-renter who's continually demonized for being a renter and suggesting the construction of more housing so I can afford to live somewhere in commuting distance from work, most of the people yacking in city meetings about how I "ruin the community" are, well, homeowners. And usually really nativist ones with a nasty undercurrent of racism, which doesn't even make any sense since I'm usually the same race as them.
Re:The Bay Area’s tech boom in historical and social context by sanderjd on Friday July 06, 2018 @04:43PM (#17474936)
... I think they meant people who work, who make more income than retired people.
Re:The Bay Area’s tech boom in historical and social context by claydavisss on Friday July 06, 2018 @04:42PM (#17474921)
Then homes would simply get deeded only in the name of the stay-at-home spouse who has no income.
Re:The Bay Area’s tech boom in historical and social context by astura on Sunday July 08, 2018 @12:30PM (#17484606)
Someone with little to no income can still be very wealthy. You're also discouraging people from getting better paying jobs. You also gotta deal with properties deeded in trusts and stuff.
Re:The Bay Area’s tech boom in historical and social context by cobookman on Friday July 06, 2018 @04:29PM (#17474856)
That discourages people from moving up in pay. It'd likely be cheaper to make less money.

You'd also encourage rich people to hide their money. Especially trust fund kids who's income is low as they only take out what they need to spend.

Re:The Bay Area’s tech boom in historical and social context by almost_usual on Friday July 06, 2018 @04:33PM (#17474879)
>That discourages people from moving up in pay. It'd likely be cheaper to make less money.

It discourages people from moving up in pay AND selling their homes.

>You'd also encourage rich people to hide their money. Especially trust fund kids who's income is low as they only take out what they need to spend.

Still creates more friction and difficulty for the wealthy.

Re:The Bay Area’s tech boom in historical and social context by almost_usual on Friday July 06, 2018 @04:17PM (#17474768)
This also makes sense to me.