Jeremiah

I mean, plural of anecdote, etc, etc.

But you see what I mean.

I am sorry about your granddad-in-law, though.

Dementia sucks.

End quote.

Scott writes, I said that I agree with this, and it still might be good on net.

I just can't bring myself to hate boomers for opposing it.

I still think that instead of facing these tough trade-offs, we should just build more housing, and that every person who we force to make these trade-offs is in some sense a policy failure, even if we take the right side of them.

And I feel nervous because I'm neutral-ish on something where there's basically a unanimous consensus of smart people.

They all hate Proposition 13.

But to me, it does seem to make sense that rising house values shouldn't be able to make your current home unaffordable.

both because as someone in a state where house values have pentupled in a generation, this seems like a recipe for constant forced upheaval, stress, and destruction of families or community.

And because it gives NIMBYs one more reason to oppose density.

If someone upzones your area, that increases the value of your land, and therefore your property taxes, and might force you to leave your house.

Therefore, you should fight upzoning unless you want to be forced out.

Chris writes, quote, It's just about the only wealth tax that works, and those gains are largely CGT-exempt.

This is usually discussed in a UK context as we don't have percentage property taxes, and this is a potential way of introducing them, given in some places nominal values have 10x'd.

End quote.

Scott writes, Huh.

I hadn't heard this before, and I like it.