Fix the basic unfairness of Proposition 13 that lets multi-million dollar mansions get away with lower property taxes than you or your neighbors pay and the state might not be on the edge of fiscal disaster, suggests Bruce Feirstein in a post at Vanity Fair's culture and celebrity blog.

There’s talk of default, of bankruptcy, and all manner of thumb-sucking punditry about who—or what—is to blame, from illegal aliens, to gerrymandered districting, to Arnold being a RHINO (a Republican in name only) who keeps growing the government.

And it’s all wrong. It all misses real point, and the real issue, which is California real-estate taxes, and the state’s refusal to revisit something called Proposition 13....

Feirstein, a sometime LA Observed contributor, gives more details over there.