Proposition 13 is one of the worst failures of California&#x27;s experiments with direct democracy.<p>It was a bald-faced grab for cash; and it grossly distorted the housing market, been a huge handout to rentseekers and entrenched interests, starved public schools, hugely increased housing prices, prevented sensible house renovations (in order to preserve tax status), allowed an obstructionist ideological minority (33%) to stop any sort of sensible and economically beneficial tax reform, and above all increased inequality.<p>It&#x27;s also a political third rail. It&#x27;s time to change that. Prop 13 is bad, and those who support are making life and the market far worse for general society, for a much smaller tax break for themselves. It&#x27;s greed, and it&#x27;s bad.