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>it would inevitably result in little old ladies who have lived in the same house for fifty years being turfed out That's a "feature" of the property tax syste
by xsmasher 16y ago
>it would inevitably result in little old ladies who have lived in the same house for fifty years being turfed out
That's a "feature" of the property tax system - in encourages people to make the "best use" (economic, not moral) of a piece of land.
- hugh3 16y agoThough the market already "encourages" people on its own... the property tax just forces 'em. What I mean by "encourages" is that if I'm a little old retired lady living in a two-million-dollar cottage in the fanciest part of town then I already have a huge incentive to sell it off to some rich dude and go live in a half-million-dollar cottage somewhere else -- it's the $1.5 million I could pocket in that transaction.
- gaius 16y agoTell me something, it's still we, the people, right?