2min chapter

"Moment of Zen"  cover image

E34: Noah Smith on YIMBYism, California Land Use, and the Best-Run City

"Moment of Zen"

CHAPTER

Prop 13 and the Land of Gentry in California

There have actually been some interesting, I want to say, I don't know if they've ended up making the ballot, but some props have been trying to chip away at this prop 13 issue. So one, I just still can't believe didn't pass last time was anything over what like $5 million assess value for commercial real estate. And it's just like, why are we letting these like rich commercial landlords get to pay like this kind of grandfather tax rate in a state that has major budget issues?

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