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Is Prop 13 a Good Tax Policy?
If you didn't have prop 13, anybody who's owned their house for 20 years would have a massive tax bill all of a sudden. Verse: The real problem in california is we're not in an under taxd state. It's a massively taxed state. In it, there's never enough. And so what i would say is, look, if you want a reform prop 13, do it. Is part of a grand bargain that creates real structural reform"