Generally, high taxes on anything are bad. Taxation facilitates a transfer of assets from the productive sector to the non-productive sector, e.g., from the ho

Generally, high taxes on anything are bad. Taxation facilitates a transfer of assets from the productive sector to the non-productive sector, e.g., from the homeowner to the government. The recipient then uses the money to further their plans without regard to the taxpayer. It has always been that way. Using econo-speak doesn't make it any less true. Looking at cities like NYC, eliminating rent control would do more for the housing market than raising property taxes.