Prop 13 reduces income gap and reduces wealth gap. Without prop 13, many middle class folks will not be able to afford a home. Wealth will go to the 1% who will own 90% of the housing and almost everyone would become tenants.
High income tax has also reduced wealth gap. It taxes the high income professionals and provide food and housing for low income people.
Since housing is a human right, we should abolish property tax and replace with even higher state income tax. (Not my opinion)
Even better, abolish property tax, abolish sales tax, abolish gas tax, replace all the lost revenue with higher income tax. Let the tech workers pay 65% of the salary to the golden state treasurer (don’t shoot messenger).
Do you want lower income gap and lower wealth gap? Do you want a higher income tax?