Prop. 5 offers tax breaks for older home buyers, but could shortchange schools and cities

The Wharton School’s Fernando Ferreira weighed in on California’s Proposition 5. “Right now, you’re giving a gigantic tax break to older homeowners who live in the best houses in the richest parts of the state,” Ferreira said. “This new proposition unfortunately will just perpetuate this inequality.”

・ From Los Angeles Times