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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: JF Quinnelly who wrote (13088)8/24/2003 12:50:39 AM
From: Elroy JetsonRead Replies (1) of 306849
 
You don't have to convince Tradelite. His two elderly parents are the biggest recipients on the Prop 13 welfare rolls.

His elderly Father is the Walt Disney Corporation and his elderly Mother is Federated Department Stores Inc. They collect more Prop 13 welfare rebates than anyone else in California.

It's so nice to see a law which gives the "aged corporation" protection from equal responsibility. I for one would hate to see dear Federated taxed out of her many Department stores.

Dear Federated has threatened to raise her prices and lose all of her customers to competing stores if she loses her Prop 13 check, but I tend to doubt this. She's just old and senile.
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