Nighttime view of a modern house with a pool, overlooking a cityscape with city lights in the distance.

The much-touted "mansion tax" was hailed as a panacea for Los Angeles' financial woes, promising to bring in a staggering $56 million per month. However, the harsh reality couldn't be further from the lofty promises.

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A man in a navy blazer and light gray pants standing in a modern kitchen with dark upper walls, a marble backsplash, and gold accents, looking directly at the camera with arms crossed.