Wednesday, August 20, 2003

PEOPLE IN GLASS HOUSES . . . . Stefan Sharkansky has done some detective work on Robert Scheer's latest populist posturing. (link courtesy of Instapundit)
Since Robert Scheer brought this up, I think it's only fair to observe that although he plays a populist class warrior on television, Robert Scheer is actually one of those rich people who benefits as much from Prop. 13 as anybody else in the state. And if Robert Scheer believes that guys like himself should pay more taxes than they do, why doesn't Robert Scheer start by paying more taxes himself?

A peek into the public property records of Los Angeles and Alameda counties shows that Robert Scheer and his wife, Narda Zacchino, own the following properties:
a) A 3 bedroom, 3 bath 1902 sq. ft. condo on 15th St. in Santa Monica, purchased in 1992 for $555,000, with a current assessed value of $664,345.
b) A 3 bedroom, 3 bath 1722 sq ft. condo on W 1st ST. in downtown Los Angeles, purchased in 2000 for $380,000 with a current assessed value of $395,351.
c) A 10 bedroom, 4 bath 3754 sq ft. "single family dwelling converted into a boarding house" on Forest Ave. in Berkeley, purchased in 1979 with a current assessed value of $198,564

I'd say that Bob has done pretty well for himself. Especially since the fair market value of his properties is probably closer to $2 million than to their assessed value of $1.26 million. And even though he sounds vaguely envious of those who

"take out the untaxed increased equity in their homes through low-interest refinancing and second-mortgage loans"

the public records show that Mr. and Mrs. Robert Scheer have refinanced their various homes on numerous occasions.

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