Legal Insurrection readers may recall that in the fall of 2022, Los Angeles voters passed a referendum in the city of Los Angeles for a “mansion tax” that would impose a new transaction tax on any real estate sale in excess of $5 million. The measure passed with nearly 58% of the vote, and owners of luxury homes were selling their properties as quickly as they could to avoid being hit with….a
Local real estate developer Hooman Ghaffari blasted the policy as ‘a sham’ that has ‘yet to come close to meeting stated goals’ while making new developments ‘financially unworkable’. “This tax has not had the effect that was promised, and it’s time for everyone to put aside their egos and realize this was a mistake,” Oppenheim said.
“None of that happens without ULA,” Greg Good, a senior advisor on policy and external affairs for the L.A. Housing Department, told the Times. When you import tens-of-millions of people from 3rd-world hellholes, you can’t be surprised when your country finally starts to resemble those same hellholes. Inflation, crime, imprisoned opposition party members & leaders, failing education and healthcare systems. It’s all happening, right in California.Indeed. The great philosopher-sage, Victor Davis Hanson, a California resident whose family has deep roots in the state, has repeatedly underscored this very point.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »