Property taxes are even more onerous than a wealth tax. If you own a $1 million house with an $800k mortgage, you pay tax on $1 million of property, but you on

Property taxes are even more onerous than a wealth tax. If you own a $1 million house with an $800k mortgage, you pay tax on $1 million of property, but you only have $200k of wealth. Billionaires are the world's biggest whiners. Even a tax burden that's proportional to what normal middle-class people pay is the end of the world.