4 ms·
Because it's easier politically to implement regressive taxes. Property owners in particular are politically powerful and sympathetic. They're also very motivat
by Eridrus 7y ago
Because it's easier politically to implement regressive taxes. Property owners in particular are politically powerful and sympathetic. They're also very motivated because the tax increases would be large and these folks are highly leveraged in their investment. So we get things like Prop 13 in CA, or property tax increase caps in NY.