It won’t explode, though. It won’t explode so hard that we couldn’t even pass prop 15 back in November to close some of the loophole that the biggest would-be business taxpayers in CA currently abuse https://voterguide.sos.ca.gov/propositions/15/ // https://en.wikipedia.org/wiki/2020_California_Proposition_15

The fear-mongering is always about “first they’re coming for companies, then they’re coming for your home property tax!” and people believe it. With that said, I really hope they DO come for home property taxes, as right now it’s a big part of what encourages the wealthy and previous generations to stay put and never sell (or become landlords and move elsewhere) while pricing new homeowners out of the market, as now in addition to the mortgage on that seven-figure starter home they’re saddled with a few-grand-per-month tax bill.

https://www.taxfairnessproject.org/ has more info.

> I really hope they DO come for home property taxes

Seems like the fears are valid, no?

The 'problem' (for California) is that the fast growing companies will have already moved elsewhere. (Problem in quotes because it is an implied goal for NIMBYs) Perhaps even to other countries with sane housing policy. So this should be something on the federal governments radar.