[quote=Hobie]Deficits (spending) does not mean we are not taxed enough.
Repealing Prop13 is not the answer. Actually it will self repeal. As more homes resell the a new tax basis is established and there you are. Wha la, more taxes in the coffers.
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Prop 13 self-repealing is not quite that simple. Many “sales” are exempted so that the Prop 13 tax rate is maintained. Exemptions are available for parent-child sales, moving ownership of a house from one form of ownership to another, and some others, all having the effect of siphoning off tax dollars from property that has multiplied in value over many years.
