>... I wasn't arguing for what Prop
>13 did, it was a predictably bad idea.
>
>Bruce Gaarder
>Highland Park Saint Paul
>[EMAIL PROTECTED]
It was a great idea for the business interests who conceived &
pushed Proposition 13 in California! It shifted much of the taxes away
from business property, and onto homeowners. And it continues to shift
more onto homeowners every year.
Just look at one of the basics -- property value can only be
increased when the property is sold. And in the real world, how often are
homes sold vs. business property? If we had such a law in Minnesota, the
downtown Minneapolis Dayton's (now Marshall Fields) store would still be
taxed at its' 1880 valuation! NSP plants, like the coal-burning antique on
the River, would be paying little or no property taxes.
Of course, it might encourage historical preservation. Norwest
would probably have rebuilt it's burned out headquarters building rather
than demolishing it if this law had been in effect in Minneapolis.
Tim Bonham, Ward 12
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