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In reply to the discussion: Overturning of Prop. 13 sought in lawsuit (California) [View all]SunSeeker
(58,186 posts)Only bolstering the middle class will increase business-and save homes. Prop. 13 did just the opposite. It devastated our ability to maintain our infrastructure and schools. It thus hurt the middle class and our ability to get ahead. We have less money to spend, which is what really hurts business. Those at risk of losing their homes back in 1978 could have easily been helped with a small scale program or exemption from property tax increases for those on fixed incomes. Instead, big commercial interests seized on that issue and used it as cover to slip their corporate welfare agenda through. By the way, with property values plunging, so are property tax bills. My bill was lower this year than last. That's little consolation for the loss in my property value.