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Property taxes are routinely pointed out as examples of highly regressive taxes which cause numerous issues for those who can least afford them.
by nybble41 6y ago
Property taxes are routinely pointed out as examples of highly regressive taxes which cause numerous issues for those who can least afford them.
- wycy 6y agoMy point is that there's nothing inherently impossible about a tax based on illiquid, difficult-to-value assets. A tax on wealth > $50M will obviously not be a regressive tax.