When is California going to wake up and realize that Proposition 13 has been the worst social experiment of the 20th century? One-third of the three-legged stool that supports government services was effectively severed.
By including commercial property and other non-residence property that effectively never changes hands, large proportions of tax revenues are frozen at 1970s levels. State residents are now supporting dwindling government services with the two remaining legs, i.e. income and sales taxes.
Frankly, I don’t enjoy subsidizing large commercial property with reduced taxes while my children and all the young people vital to California’s future are shackled with all three revenue legs.
At the very least, the Legislature should rescind the property tax reductions on all property except primary residences — and reassess at current market values. If they do not, then the lot should be “recalled” immediately.
California residents do not need to continue to support billionaire Nebraska resident Warren Buffet’s vacation home in Southern California or our own home-grown billionaire land developers whose property is held in family trusts.
We can’t afford to continue to eat our seed corn — the new generation of Californians needed to build the economic future.
Shirley Kovacs
Fresno
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