BB: jack dawson, prop 13 wasn't that evil, WA state has a bad one, tax growth is capped at 1% max county wide
Posted by
zeitgeist
Nov 7 '11, 13:24
|
So inflation will out strip income growth, in100 years will be negligable.
CA still gets tax base growth and still has proifit motive to do civic improvements. IE. SF embarcdero, they took down water front blocking freeway, now reviatized area is prime developed RE for condos, law offices, restaurants.
Seattle has similar situation but will not gain any new tax funds no matterhow cool the areabecomes
|