California might push businesses out by changing Proposition 13

Mr. Will Powers’ July 11 letter (“Viewpoint ignores the ‘devastating impact’ of Proposition 13”) offers a useful insight. He notes that those receiving the biggest benefit of Proposition 13 goes to large corporations, and he suggests Prop. 13 be revised to stop this benefit for them.

Given the current environment in California, that is an excellent idea. Corporations have been leaving California for years because of the hostile environment created by government and pressure groups. Taking away the Prop. 13 break for large companies would accelerate this movement, and that would likely make the company-haters really happy.

It would probably take only a couple of years after enactment of such a law before nearly all big companies would exit the state, taking with them the jobs Californians need, and the taxes they generate.

Prop. 13 may need revision, but there are better ways to revise it.

This story was originally published July 19, 2017 at 2:36 PM with the headline "California might push businesses out by changing Proposition 13."