The rebuttals to your excellent editorial on Proposition 13 display an amazing logic. They seem to say that it is not fair, not consistent with our system, to tax everyone on the same value basis. The "fat cats" of Brentwood, Bel-Air, Palos Verdes, etc. believe it is their God-given right to sit on properties whose values appreciate at a far faster rate than the average, or of inflation in general, then, at their convenience, sell at huge profits having enjoyed the largess of taxes at a small fraction of their less fortunate neighbors over the years.
Who says you can't have your cake and eat it too?