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Property tax is progressive because rich people purchase more property, and real property tax is critically important because real estate is a permanently finit
by fjdlwlv 9y ago
Property tax is progressive because rich people purchase more property, and real property tax is critically important because real estate is a permanently finite resource.
- zanny 9y agoProgressive taxes are not linear, they are at least quadratic. The way many property taxes are set up now in the states, they are flat taxes by zoning - ie, residential pays a fixed rate. I would absolutely argue for progressive property taxes, and that you either need steep progressive property taxes or homesteading rights to avoid the current bubble of land hoarding by the rich, but we don't have those now, and they should fund other things (and at a much less granular scale) than public education.