jwc1
Someone pointed out "confirmshaming" to me a few years ago...and since then I feel like it shows up on > 50% of the sites I visit.
https://www.darkpatterns.org/types-of-dark-pattern/confirmsh...
Accessibility: Individuals/businesses who couldn't afford a large, upfront expenditure for software but can afford the smaller, monthly expense now have access to the best tool for the job.
Flexibility: for sporadic consumers ("I use Photoshop/Illustrator once a year to make my Groundhog Day card"), the ability to subscribe for the one month of the year they use the product and subsequently cancel is incredible.
If a founder/VC wants to get out before the IPO, they usually just do so on the secondary market. Example: Benchmark cashing out a portion of their Uber stake to SoftBank pre-IPO.
Basically it set property tax rates at 1% of a property’s sale price and capped annual increases at no more than 2%.
The only time a house sees fair reassessment is when it sells...which means a lot of people end up sitting on land.
http://www.latimes.com/opinion/op-ed/la-oe-friedersdorf-prop...
"Perhaps most perversely, Proposition 13 has made it harder, not easier, to become a homeowner. California has one of the lowest rates of homeownership (55%) in the nation, second only to New York and nine percentage points below the national average.
The pernicious incentives that led to these outcomes are obvious in hindsight. With property taxes near frozen, local governments began to see residential development as a liability and commercial development as an income stream. For 40 years, that perspective shaped which new projects cities approved. Homeowners, meanwhile, had a disincentive to move if they had a low property tax bill locked in. Finally, these relatively low property taxes made California an attractive place to undertake speculative real estate investments and leave valuable parcels of land undeveloped."
https://en.wikipedia.org/wiki/Al_Capone#Saint_Valentine's_Da...
https://en.wikipedia.org/wiki/Chicago_Outfit#Al_Capone's_emp...