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Imagine other investments supplying roads, police, fire, parks, and education (or at least a place to store kids during work day) for 12 years.
by njharman 9y ago
Imagine other investments supplying roads, police, fire, parks, and education (or at least a place to store kids during work day) for 12 years.
- dismantlethesun 9y agoThat argument can be made about the usefulness of taxes on anything.
- njharman 9y agoYes, I know. Taxes and social constructs such as governments ARE useful.
- strictnein 9y agoImagine the fact that property taxes pay for a lot of that. Now imagine house values plummeting because you removed the deduction and you've put the funding for all of that in peril.
- Jtsummers 9y agoThat seems like the wrong way to think about things. That funding, then, is predicated on inflated, consequently inaccurate, housing/property values. When the bubble bursts for any reason the funding source will be reduced. Critical services banking on a bubble to sustain themselves is just a terrible (though often done) idea. Eliminating the bubble earlier and getting accurate valuations before becoming dependent on the inflated amount (and suffering from austerity efforts later) would be a much better (and rarely done) plan.