Originally posted by Ogie Oglethorpe
No that they are coerced under duress to sell their homes, in many cases simply to pay off back property taxes with no money for their pockets (after transactional taxes that is.)
No that they are coerced under duress to sell their homes, in many cases simply to pay off back property taxes with no money for their pockets (after transactional taxes that is.)
If you think about it a lot of retired folks live in the same house that they lived in with their children. That house would better serve a larger family. When you tax the property it makes people think, "do I really need all this property" or "am I using this property most productively." When you tax people's income and spending they always think, "should I earn this much" or "should I spend this much." Taxing income and spending results in less economic activity, but taxing property often results in better use of property. Either it's used more productively or it produces more utility for the user.
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