California’s existing paradigm on property taxation has many unique factors including split roll. Besides touching upon many hot button economic and social issues, this paradigm shows that despite being a one party state, California is made up of many different political and demographic tribes, each with their own interests. For instance the ultra-wealthy, the geriatric house rich but cash poor, middle class millennial heirs, new wealth immigrants, working class renters, and the lumpen proletariat. A more specific example would be a baby boomer state employee who benefits from
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Proposal to reform Property Taxation in…
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California’s existing paradigm on property taxation has many unique factors including split roll. Besides touching upon many hot button economic and social issues, this paradigm shows that despite being a one party state, California is made up of many different political and demographic tribes, each with their own interests. For instance the ultra-wealthy, the geriatric house rich but cash poor, middle class millennial heirs, new wealth immigrants, working class renters, and the lumpen proletariat. A more specific example would be a baby boomer state employee who benefits from