"For example, when children inherit a home and then rent it, some would say they are not paying their fair share of property taxes. The question the article posed was did voters truly know what they were voting for. Many believe the campaign was deceptive and not transparent. As the article pointed out, people voted for the proposition but did not fully understand its ramifications."
"The giant Moss Landing storage plant fire released massive amounts of toxic materials. Consider that with 70 years of experience, the U.S. commercial nuclear industry has built nearly 100 nuclear power plants, with almost 100 GW of capacity. In that time, in the U.S., there has been only one incident, and this release was tiny and did not hurt anybody. Solar power needs backup for when the sun doesn't shine not just the early evening hours, but when we have cloudy weather for a week."
Proposition 19 changes affect property-tax reassessment when homes transfer to children. When heirs inherit and rent a home, tax outcomes can seem unfair. Voters may have approved the measure without fully understanding its ramifications. Campaign tactics were perceived by many as deceptive and not transparent. High-value homebuyers pay higher property taxes and have greater ability to afford them. Middle-income heirs who wish to remain in inherited family homes may be unable to afford reassessed taxes. A separate concern highlights the Moss Landing battery storage fire that released toxic materials and prompts argument for nuclear power as a reliable backup to intermittent solar.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]