There is a version of this that will be on the ballot next year, but with exemptions for all residential property, all agricultural, and for commercial property valued under 2 million.

> There is a version of this that will be on the ballot next year

Oh?

> but with exemptions for all residential property

Oh... So, nothing that applies to residential property (which is what the parent comment was talking about). Taxing some businesses is going to increase tax revenue but it won't fix the housing issue that's crushing most of us renters.

For those who want to see the initiative: https://ballotpedia.org/California_Tax_on_Commercial_and_Ind...

This is the simplest solution while still keeping the benefits of prop 13.

People seem to forget that it was intended to prevent forcing people to move because the had capital appreciation but no income growth, and this disproportionately affected low and fixed income families.

Prop 13 was actually intended to make Howard Jarvis and his friends at the Apartment Owners Association even wealthier. He did a great job of selling a tax scam to the public. A property tax law designed to benefit low income families would only have lowered property taxes for primary residences, not for places like the Los Angeles Country Club that pays $200k a year in property taxes on 313 acres of prime land.

Prop 13 opponents always sound unhinged.

Curious what you find unhinged about my comment.

“Jarvis was a lobbyist for the Los Angeles Apartment Owners Association—a group that stood to benefit hugely from decreased property taxes.”

https://la.curbed.com/2016/10/17/13304912/history-propositio...

Nah it was sold as keeping granny in her home, but the intent was to destroy government.

Mind backing that up?

Howard Jarvis, the author of Prop 13, was a well known anti-government lunatic.