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> Property taxes in general are a complete sham, what other item do you continually need to pay for after you own it? A sham? Unless you argue that most people
by ShroudedNight 5y ago
> Property taxes in general are a complete sham, what other item do you continually need to pay for after you own it?
A sham? Unless you argue that most people are buying property under false pretenses, especially given the public nature of property taxes, the expectation would be that those purchasing land do so understanding the existence of on-going financial duties.
As to why land is potentially materially different from other assets:
1. Land is only yours while some party will coerce all other parties to respect your claim. The cost of that infrastructure is on-going.
2. Most land might accrue some small value because of the actions of the land owner, but mostly accrues in value because of externalities from the action of others. Taxing those externalities so that the commons benefits rather than the individual seems at least equally as just as the current model where the wealth generated by collective action is overwhelmingly privatized. Reasonable arguments can be made for deferring that tax until sale or equivalent, rather than on a continuous basis.
3. In terms of being inexorably linked to specific governments, land is much more akin to citizenship and / or residency than fungible widgets. Citizenship and residence also frequently incurs ongoing tax duties.
4. Other scarce asset classes have been controlled in the past: https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102
- muaytimbo 5y agoA sham? Unless you argue that most people are buying property under false pretenses, especially given the public nature of property taxes, the expectation would be that those purchasing land do so understanding the existence of on-going financial duties. <- There is no meaningful alternative to being scammed, the government has a monopoly on said sham, (taxation) and violence to enforce it. You're right, everyone knows it's a sham, that doesn't make it NOT a sham.