Sunday, July 10, 2011

"If He Needs a Guy Like Me to Start It, Then I'm Going to Do It"

"And let's not forget that the biggest winners when Prop. 13 passed were commercial property owners. They made out like bank robbers, because corporate property doesn't change hands as often as residential property. Critics argue that economic investment is discouraged too, because it's hard for a new entrepreneur to compete against an established business with a much lower property tax bill."

Steve Lopez in the Los Angeles Times reports that Mayor Antonio Villaraigosa may soon touch the third rail of California politics: Proposition 13.

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