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I am curious, if Proposition 15 passes to get rid of some provisions of Proposition 13 (increases property taxes on commercial properties with combined worth of more than $3 million to be based on current market values vice purchase price*), will that change anyone's mind? If I understand this, it seems like prices for just about everything would go up (from fast food to marijuana), including building rents as these additional costs are passed on to consumers.
*The tax is currently limited to no more than 1 percent of the purchase price (at the time of purchase), with an annual adjustment equal to the rate of inflation or 2 percent, whichever is lower
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Last edited by fintstone; 10-14-2020 at 08:22 AM..
Reason: typo
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