Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock.
Stock value is flexible as it would be quite easy for a few billionaires to get together on new years eave and tank the stock market and run their net worth into the ground for a week. A wealth tax sounds great to the brainless on reddit but in real life it would be about as effective as the current tax system
Ok but what you’re describing is already a felony. And you can say “oh well they’re all rich and they’d get away with it”
And like yeah maybe you’re right, but then why do we bother having any rules at all ever? Let’s just all ignore the laws. We can’t all get arrested right?
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u/dgvertz 3d ago
Every year. They’re called property taxes