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The New DU. Reply #13: It had everything to do with jobs
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Sen. Walter Sobchak
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Wed Jun-08-11 11:44 PM
Response to Reply #12 |
| 13. It had everything to do with jobs |
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Prop 13 protected industrial sites from being taxed out of existence by encroaching suburbia driving up land value. It wasn't just granny - it was any "resident" that was being turned on their head by a frenzied speculators market, that includes businesses large and small. Ford ultimately said screw it and went back to Michigan where for all its faults there was some passing recognition that industry is important and not just ugly buildings to be replaced with tract housing.
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