In general, home values have consistently increased, year-over-year, in California. This means that many people pay less property taxes than they would if California didn't have its unique Prop 13.
Many people feel that this is an unfair law, as it largely benefits people who are _already_ financially established.
This article satirizes the situation, by framing the law as an intentional 'welfare program', rather than a tax break with unintended consequences. Part of the humor is that this 'welfare program' benefits the wealthy at the expense of the poor, contrary to how we typically think of philanthropy.