California housing crisis affecting middle class the most: It's 'a broken system'

[Cicada]

27. The beneficiaries of prop 13 are mostly out of state corporations and rich people

Apple Corporation pays a federal income tax of one percent of its income. Why in God’s name do we need to limit their property tax to a crazy low level? Donald Trump owns real estate in California. Why in God’s name do we need to limit his property tax to a crazy low level? At the time prop 13 passed 58% of the benefit went to out of state corporations. I assume that is still true. Why do I have to pay more for a higher sales tax so General Motors or the Sony Corporation can pay a crazy low property tax? And the California residents who get a crazy low property tax rate, forcing CA to charge me more sales tax ? The vast majority of The tax savings from prop 13 which go to resident humans goes to really rich people. The tax saved on a home bought for $150,000 is trivial compared to what Beyoncé will save on her new $90 million dollar home in Los Angeles. Why should I be forced to pay more in sales tax to save her from paying fair tax on her home?

As stupid as the new Republican tax bill is, it’s stupidity pales compared to the stupidity of prop 13. It forces us all to pay higher sales tax, gas tax, income tax just so the rich, the non humans, the out of state businesses can pay less than a fair tax. We can limit the property tax for principal residences of those who are have low or moderate or even double moderate incomes without shoveling billions of dollars down the throats of those who don’t need nor deserve it.

And the lack of benefit from getting rich from appreciation you had zero to do with? Just write me a check for that. I will gladly take that non benefit. Why do we have to spare from tax windfall gains which are the result of nothing productive? I think those who get rich can fairly be asked to pay fair taxes, even if they choose to delay sale.