The Lebowski property tax break, with a cameo from Jeff Bridges

What do the Big Lebowski, Proposition 13 and feudalism have to do with each other? A little-known ballot measure passed in the mid 1980's that allows children to inherit the property taxes of their parents--and that is costing the state billions.

Matt and Liam discuss Liam's investigation into a uniquely Californian property tax break that has disproportionately benefited the state's elite. First, a very brief interview with the Oscar-winning actor Jeff Bridges, profiled in the story as one of the beneficiaries of the tax break. Then, for the Avocado of the Fortnight, Liam reveals how he discovered his lead for the piece would involve the Dude (6:00). Then a discussion of the implications of inheriting Prop 13 benefits for local and state governments, and for the inter-generatoinal transmission of wealth (12:00). Matt explains some surprisingly consistent polling on Prop. 13 (30:00). And finally an interview with Bob Flasher, a 73-year-old retired park ranger who inherited a second home in Sonoma County but has mixed feelings about his property tax benefits (36:50).

The story: http://www.latimes.com/politics/la-pol-ca-california-property-taxes-elites-201808-htmlstory.html