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Property tax is just inflation on 'land'. It is also a useful tool for steering the economy. > Taxing people by the amount of savings they have. That's essen
by vkou 3y ago
Property tax is just inflation on 'land'.
It is also a useful tool for steering the economy.
> Taxing people by the amount of savings they have.
That's essentially what inflation does.
- ClumsyPilot 3y agoThat’s what she/he is saying, tax achieves the same purpose, but better
- medvezhenok 3y agoInflation _redistributes_ wealth from those with higher knowledge / ability to avoid it, to those with little ability/knowledge. Alternatively, it redistributes from people with fixed incomes, to workers; or from people with cash savings to debtors. There are many ways to look at it. That is different than an explicit tax (the tax can be structured in a way to shrink everyone's purchasing power proportionally, and is harder to avoid).