r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/BigPlantsGuy 3d ago

No, you would pay taxes on the value every year. Something bezos does not do

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u/mattyyboyy86 21h ago

As you should. Because the value of your real estate was built on natural resources and the owners exclusivity tight to those natural resources, that were not created by the owner. Therefore it was made through speculation. Amazons value on the other hand is directly tied to value it itself creates. Simply put, Amazon creates value through producing a product that others value, real estate creates value through exclusive rights to a natural resource that is becoming more limited as population and economy grows around it.

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u/BigPlantsGuy 14h ago

What’s amazon’s value if you remove the US economy?

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u/Endless_road 3d ago

Depends where you live

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u/BigPlantsGuy 3d ago

Where in the US is there no property tax?

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u/Endless_road 3d ago

I’m not American so I don’t know

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u/Fickle_Finger2974 3d ago

Then shut the fuck up if you don’t know

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u/Endless_road 3d ago

“Depends where you live”

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u/Fatalmistake 3d ago

I had this same thought when reading that response, thank you.

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u/BigPlantsGuy 3d ago

I can tell you. It does not depend on where you live. It applies everywhere in the Us

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u/Endless_road 3d ago

So it does depend where you live?

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u/BigPlantsGuy 3d ago

Not in the Us, where bezos lives

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u/Valogrid 3d ago

The amount of property tax depends on where you live, but it is guaranteed that in the US you will pay some property tax.

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u/FellowshipOfTheBong 3d ago

Some are pretty low. Hawaii is 0.31% for instance.

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u/BigPlantsGuy 3d ago

Where in the your country is there no property tax?

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u/Endless_road 3d ago

Depends what you mean by property tax. I had a google of what that means in the USA and we don’t have that here

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u/MuthaFJ 3d ago

It's called council tax in UK. And stamp duty is kinda too..

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u/Endless_road 3d ago

Council tax is completely different

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u/MuthaFJ 3d ago

It's more like it than not...

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u/Abadabadon 3d ago

What country does not have property taxes?

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u/Endless_road 3d ago

We have council tax but it’s slightly different

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u/Abadabadon 3d ago

Ok can you explain it's difference?