i mean, this is less of a property tax issue and more of a social security thing.
Though i am pretty fundamentally against property tax, it’s a physical thing that i can own, i don’t see why i should pay taxes on it. If you want to tax me just hit me with income tax.
except for the fact that it’s a wealth tax on wealth that’s not really consequential. An income tax by definition must tax ALL income earned by an individual, you cannot hide from that, it’s definitionally, evasion.
but that’s not going to be comparative to the amount of wealth they own though. Unless of course you artificially raise the value of land, but that’s not going to make it any more expensive now is it?
Property has infrastructure like water, roads, electrical, sewers, etc running to it that needs to be maintained. It also has things like fire fighting police surveyors etc that need to be paid in order to maintain society. Everyone could work in a city therefore the city/county/state would collect the income tax but the local town you live in doesn’t get any of that money.
People need to stop thinking about property like it’s any other regular thing like a vehicle.
Land is not a thing it is a limited resource.
If someone owns a piece of land in a city it doesn’t matter what they are currently doing with it, even if they do nothing with it, that’s wasting potential that someone else could be doing with it and affects everyone around that piece of land.
i mean, this is less of a property tax issue and more of a social security thing.
Though i am pretty fundamentally against property tax, it’s a physical thing that i can own, i don’t see why i should pay taxes on it. If you want to tax me just hit me with income tax.
It’s a wealth tax on wealth that’s very difficult to hide.
except for the fact that it’s a wealth tax on wealth that’s not really consequential. An income tax by definition must tax ALL income earned by an individual, you cannot hide from that, it’s definitionally, evasion.
How is real estate wealth not consequential?Real estate wealth is real wealth, it’s why it’s literally in the name.
Personal income tax is not a wealth tax, and there are myriad ways to avoid it without evading it.
the wealthy dodge this by a bunch of schemes that don’t count as ‘income’.
I hate paying property tax, but reckon it’s the only way to get money out of the fortunate ones that are lucky enough to own a chunk.
It’s pretty easy to dodge property taxes also.
Why don’t you share how?
And the bigger the chunk, the more they owe.
but that’s not going to be comparative to the amount of wealth they own though. Unless of course you artificially raise the value of land, but that’s not going to make it any more expensive now is it?
Property has infrastructure like water, roads, electrical, sewers, etc running to it that needs to be maintained. It also has things like fire fighting police surveyors etc that need to be paid in order to maintain society. Everyone could work in a city therefore the city/county/state would collect the income tax but the local town you live in doesn’t get any of that money.
People need to stop thinking about property like it’s any other regular thing like a vehicle.
Land is not a thing it is a limited resource.
If someone owns a piece of land in a city it doesn’t matter what they are currently doing with it, even if they do nothing with it, that’s wasting potential that someone else could be doing with it and affects everyone around that piece of land.
Cause you don’t own it. You are borrowing it from the government.