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So someone can play by the rules, pay all the taxes as they go, and then suddenly have what they’ve already earned confiscated under threat of government force?

So someone can play by the rules, pay all the taxes as they go, and then suddenly have what they’ve already earned confiscated under threat of government force? I feel like that’s normalizing a world without private ownership of anything. After all, a wealth tax would mean that the government can change its mind and seize what you own retroactively at any time. What separates such a “free” society from the CCP? This is the opposite of moral. Not to mention, with the government’s famous lack of efficiency and accountability, all the stolen wealth wouldn’t accomplish much. And once the one-time cash grab is spent, what are they going to do next? Why would the next wave of builders trust in an environment and government that could take away what they’ve worked hard to build and earn?

onlyrealcuzzo 6y ago
Property tax was one of the first taxes, and property was essentially the major form of wealth from the advent of property rights until the last 100 years. We have always had a wealth tax -- albeit not federally.
- throwawaysea 6y ago
  I disagree with property taxes as well. It is perverse because it means you can play the game (economically) based on one set of incentives, devoting your best years to some effort, only to have the fruits of your efforts taken away after the fact. It is simply not compatible with the notion of private ownership. And yes, home ownership with property taxes means you don't really own that property in a true sense.