My Modest Proposal to Make Property Tax Breaks Live Forever

Rich Old Homeowners Are California's Future, so Why Shouldn't We Take Our Subsidies to the Grave?

MEMO
To: California Association of Realtors
Re: Death and Taxes

Barring some wild technological advance, all Californians eventually will die.

But why can’t our property tax discounts live forever?

That’s the question raised by your glorious new idea: a ballot initiative to make our state’s famously generous Proposition 13 property tax savings even more generous—and portable.

Your “People’s Initiative to Protect Prop 13 Savings” is a proposal as perfectly Californian as the Golden Gate Bridge. It provides a concrete symbol of an undeniable reality: Limiting property taxes is the fundamental organizing principle of …

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