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So you're basically saying it's ok to tax people on gains, that are entirely theoretical and over which they had no control themselves? You might have a point
by terryf 11y ago
So you're basically saying it's ok to tax people on gains, that are entirely theoretical and over which they had no control themselves?
You might have a point if you consider a home something that is entirely fungible - but for a lot of people it is not.
- gaius 11y agoIf a house drops in value, is it also the government's responsibility to refund the difference?
- erentz 11y agoSince tax is tied to the value of the property when the house loses value taxes go down.
- FifteenChractrs 11y agoThere shouldn't be property taxes at all. It's asinine. Taxes for goods and services is more than enough. Not owning property, or the privilege of employment.
- kspaans 11y agoWouldn't that be really regressive? A poor person's spending on goods is going to be a larger proportion of their income than a rich person's. Admittedly, rich people could buy fancier goods which could be taxed more, but would that make up the difference?