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View Diary: Caltagirone Decision To Back Republicans Throws House Into Chaos (220 comments)

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  •  Wow, Prop 13 was passed long before (1+ / 0-)
    Recommended by:
    ca democrat

    I was born and it has tremendously benefited my family so I am actually in favor of keeping it.  Though I would like to it be reformed Democrats probably benefited in 1990 from Bob Casey's landslide victory over Barbara Hafer.  What's ironic to me is that the Republicans did a massive gerrymander of Pennsylvania in 2001 yet it has not really worked.  I'm hopeful for more gains in 2008.  

    •  prop 13 (3+ / 0-)
      Recommended by:
      dadafountain, Quinton, cville townie

      Basically makes new homeowners subsidize longstanding homeowners, so is mostly a form of regressive taxation.  As Warren Buffet noted, his second home in California has its taxes ridiculously low due to Prop 13, because it's "old money", and Prop 13 favors old money.  Meanwhile, people who have bought into the same neighborhood more recently, most of whom are of course much poorer than him, pay much higher taxes.

      "See a world of tanks, ruled by a world of banks." —Sol Invictus

      by Delirium on Sun Dec 31, 2006 at 01:21:07 AM PST

      [ Parent ]

    •  Prop 13 (1+ / 0-)
      Recommended by:

      lets you ignore the cost to society of continuing to live where you live, and strangles the government's funding at the same time. It helps (along with dirt-cheap credit) to inflate property values to absolutely ludicrous levels while punishing first-time homebuyers. In theory it increases the availability of rental property, but also the demand for it (as many more people can't or shouldn't buy homes).

      There are many problems that can crop up with property taxes, including unfair burdens and assessment errors. Prop 13 is a shotgun "fix" to these that causes more problems than it solves.

      Re: the gerrymander, if it wasn't for that, Dems could have several more house seats in PA (#6 and #18 come to mind). My alma mater was involved in an illegal scheme to use resources paid for with state funding to run the gerrymandering simulations so I know a little bit about it.

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