Yes, Prop. 13 Is Racist
The Infamous Tax Policy Disproportionately Benefits Older, Wealthier, Whiter Californians—But We Could Change That
To most, tax policy is boring—somewhere between the weather and cryptocurrencies. I study, teach, and write about taxes, mostly because I believe they are the price we pay for civilized society. But for decades, economists and analysts have ignored the racial effects of how the government raises revenue. And it looks as if the introduction of race into the tax equation seems to have blown things up just a bit. That’s a good thing.
This month marks the 45th anniversary of the most significant piece of tax policy in California history. …
