But then we would actually be messing with homeowners capital gains, so I was going to bring this up separately.
I fear the only way to get rid of prop 13 is to buy out the incumbents, in effect. We will compensate for higher property/land taxes with much higher land values, so the lucky incumbents gains are not threatened, but for later generations, the LVT already started high, and the prices low, and capital gains should not be expected.
But then we would actually be messing with homeowners capital gains, so I was going to bring this up separately.
I fear the only way to get rid of prop 13 is to buy out the incumbents, in effect. We will compensate for higher property/land taxes with much higher land values, so the lucky incumbents gains are not threatened, but for later generations, the LVT already started high, and the prices low, and capital gains should not be expected.