What will the repeal of Prop 13 do to the market?

[SD Realtor]

Well Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.

[jpinpb]

I do not believe that giving them more money is the answer. Take a look at the state of New Jersey. They pay high property taxes AND have to pay to drive on the highways. They still have budget problems. I don’t know what the solution to this dilemma is. All I know is if you give more money, it will be gone and they will still need/want more.

[jpinpb]

I do not believe that giving them more money is the answer. Take a look at the state of New Jersey. They pay high property taxes AND have to pay to drive on the highways. They still have budget problems. I don’t know what the solution to this dilemma is. All I know is if you give more money, it will be gone and they will still need/want more.

[jpinpb]

I do not believe that giving them more money is the answer. Take a look at the state of New Jersey. They pay high property taxes AND have to pay to drive on the highways. They still have budget problems. I don’t know what the solution to this dilemma is. All I know is if you give more money, it will be gone and they will still need/want more.

[jpinpb]

I do not believe that giving them more money is the answer. Take a look at the state of New Jersey. They pay high property taxes AND have to pay to drive on the highways. They still have budget problems. I don’t know what the solution to this dilemma is. All I know is if you give more money, it will be gone and they will still need/want more.

[jpinpb]

I do not believe that giving them more money is the answer. Take a look at the state of New Jersey. They pay high property taxes AND have to pay to drive on the highways. They still have budget problems. I don’t know what the solution to this dilemma is. All I know is if you give more money, it will be gone and they will still need/want more.

[SD Realtor]

I agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.

The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.

[SD Realtor]

I agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.

The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.

[SD Realtor]

I agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.

The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.

[SD Realtor]

I agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.

The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.

[SD Realtor]

I agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.

The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.

[ILoveRegulation]

[quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.

[ILoveRegulation]

[quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.

[ILoveRegulation]

[quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.

[ILoveRegulation]

[quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.

[Author]

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