Which Way, L.A.?
Mayor Villaraigosa Takes On Prop 13
Mayor Villaraigosa calls for changes to Proposition 13, describing California's corporate tax structure a "Swiss cheese of loopholes and exemptions...."
By Warren Olney • • 33m ListenMayor Villaraigosa calls for changes to Proposition 13, describing California's corporate tax structure a "Swiss cheese of loopholes and exemptions." On our partial rebroadcast of today's To the Point, with violence in Europe and political upheaval in the US, is the West losing confidence and hope? What's the role of wealth inequality?
Banner image: Los Angeles Mayor Antonio Villaraigosa addresses the Sacramento Press Club on August, 16, 2011. Photo courtesy of the Sacramento Press Club
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2 storiesMayor Villaraigosa Takes On Prop 13
The Mayor of Los Angeles is stepping all over what's long been called "the third rail of California politics," Proposition 13, which passed in 1978. Property taxes were on the rise, and people on fixed incomes were being taxed out of their homes. But Prop 13 didn't limit increases just for homeowners. It did so for business as well.
Read the story22 minThe Age of Outrage in Europe and America
Multibillion-dollar investor Warren Buffett has made headlines by suggesting that he and other rich people pay too little in taxes. In this Sunday's New York Times, columnist Roger Cohen wrote that "a feeling has grown in Western societies that uncontrollable forces are at work shrinking possibility.
Read the story8 min
