I had a good conversation yesterday with Gina Tse-Louie, who reached out to the LPSF about efforts to put a measure on the November 2024 ballot overturning Proposition 19, which California voters barely passed in 2020 with 51% of the vote. According to the measure’s Wikipedia page (2020 California Proposition 19 - Wikipedia) California’s Legislative Analyst called this a large net tax increase of hundreds of millions of dollars a year.
The campaign to reform this “death tax” measure that will otherwise prevent children from inheriting their parents’ homes at existing tax rates (long protected from excessive increases by 1978’s Proposition 13) had a successful local demonstration in the Sunset district today (see attached photo). I didn’t manage to attend, but as I told Gina, Libertarians oppose all involuntary taxation, and I hope we can play a role in helping get the 1.3 million statewide signatures needed to get the reform measure on the ballot.
People are still unaware of what 2020 Proposition 19 is doing to
California. Ask the expert Jeff Prang, Los Angeles County Assessor how he
feels about this Dumpster Fire Legislation that is taking down
Multigenerational homes and small businesses while raising rents. Trusts
established after effective date don’t protect against increased property
taxes after February 16, 2021.
I had a good conversation yesterday with Gina Tse-Louie, who reached out
to the LPSF about efforts to put a measure on the November 2024 ballot
overturning Proposition 19, which California voters barely passed in
2020 with 51% of the vote. According to the measure’s Wikipedia page ( 2020 California Proposition 19 - Wikipedia)
California’s Legislative Analyst called this a large net tax increase of
hundreds of millions of dollars a year.
The campaign to reform this “death tax” measure that will otherwise
prevent children from inheriting their parents’ homes at existing tax rates
(long protected from excessive increases by 1978’s Proposition 13) had a
successful local demonstration in the Sunset district today (see attached
photo). I didn’t manage to attend, but as I told Gina, Libertarians oppose
all involuntary taxation, and I hope we can play a role in helping get the
1.3 million statewide signatures needed to get the reform measure on the
ballot.
