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Property tax is regressive and nobody should be forced out of their own home because of rising property taxes that might only be due to a housing bubble. I don'
by jimmaswell 4y ago
Property tax is regressive and nobody should be forced out of their own home because of rising property taxes that might only be due to a housing bubble. I don't see the problem.
- kec 4y agoFreezing property tax ends up being wealth redistribution from the entire rest of society to landlords as the article walks through. Second order effects also end up locking up the housing market as a whole and pushing prices ever higher making everyone worse off in the long run.
- dcow 4y agoThen read the article. The problem is that in reality the money flows from low income to high income households. So it works the opposite of how you think it does.
- medvezhenok 4y agoCapping property tax increases is similar in effect to rent control; it benefits people that were already there at a given point in time and hurts everyone who moves in afterward (proportionally). It's a move where the end-game is feudalism.