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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST
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To: GoldBull no bug here who wrote (5002)3/25/2006 12:29:43 AM
From: Maurice Winn  Read Replies (1) of 217688
 
One quick Google search to see what this is about, and with 10 seconds review, I now have an expert opinion that repeal of Proposition 13 is a certainty. <Even those of us with more than 20 years experience still run into convuluted issues involving Prop 13 that we have to refer to the lawyers.
And for what? To maintain a tax roll that in the last 25 years since Prop 13 passed has resulted in the residential proportion of the overall real estate tax billings in the state going way up and the commercial proportion going way down. One of things Prop 13 did was roll back all property values to their March 1, 1975 levels. Unless property changes hands or has new construction, the assessor cannot touch that March 1, 1975 value except by increasing it a maximum of 2% a year. Real estate appreciation has averaged more than 2% per year in CA for the last 25 years, far more. That's why we now have the highest valued real estate in the world. > smartvoter.org

Since elections are held by individuals, not companies and their wealth doesn't give them more votes, we can bet that something which inflicts pain on the voter is not long for this world, even if somebody else gets increased pain.

On the other hand...http://www.hjta.org/content/ARC000024B_Prop13.htm

Mqurice
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