CA renter wrote: As for the

[CA renter]

[quote=CA renter]
As for the subsidy:

“Definition of ‘Subsidy’

A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction.”

http://www.investopedia.com/terms/s/subsidy.asp

…..

tax subsidy
noun [C or U] TAX, GOVERNMENT, ECONOMICS
› a reduction in tax in order to reduce the cost of producing food, a product, etc. and to help to keep its price low:

[Which Prop 13 largely fails to do, BTW, since most LLs charge market rent, irrespective of the subsidies they receive.]

http://dictionary.cambridge.org/us/dictionary/business-english/tax-subsidy
—–

Prop 13 is absolutely the very essence of a tax subsidy to those who least need it (people who own more property than they can use for themselves). It is unconscionable that we are providing these subsidies when the state and local governments are so strapped.[/quote]

http://piggington.com/comment/reply/18092/243011?quote=1#comment-form