[Pen-l] Re: California Fiscal Bait and Switch

[Charlie <charles1848@xxxxxxxxxxxxx>]

The California Democratic Party has had 30 years to fix Prop. 13. The 
key problem is that large office buildings and other corporate real 
estate are rarely sold and re-assessed, while homes are brought up to 
market assessment every time they are sold, once every seven years or so 
on average. The Democrats have never put together a serious campaign 
tackling this problem, which would culminate with a simple ballot 
initiative.

Charles Andrews


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