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No individual tax is necessary, but if you agree that government funding is needed then it’s just a question of what you tax. I don’t see why property tax shoul
by mikeash 8y ago
No individual tax is necessary, but if you agree that government funding is needed then it’s just a question of what you tax. I don’t see why property tax should be singled out as being particularly bad, and the argument you’re making seems to be more like “I don’t want to pay so much” rather than “property taxes are worse than these other taxes.”
Note than land value taxes, a special case of property taxes, are widely considered to be the most efficient means of taxation among economists.
- virmundi 8y agoThe issue is you’re maintaining a tax on a purchase after it’s purchased. It’s perpetual sales tax. If we can tax in over ways, why create a specific instance for this kind of tax?
- mikeash 8y agoReal estate is special in all sorts of legal and physical ways. I don't see why it’s weird that this would include taxes.