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That ignores sentimental value, though. I wouldn't want to be taxed a huge amount for my father's watch.. but neither would I be interested in selling it for le
by RHSeeger 9y ago
That ignores sentimental value, though. I wouldn't want to be taxed a huge amount for my father's watch.. but neither would I be interested in selling it for less than a huge amount. It's certainly not worth that huge amount to anyone but my family.
- aidenn0 9y agoThat's why I qualified with "easily traded." I have seen people argue for it still working for other forms of property (most notably houses; I don't want to be forced out of my home) with the argument that if people set a value e.g. 2x what the property is worth, that will deter forced selling and then the tax rate can be lowered slightly to be revenue neutral. I'm less convinced.