Honestly, I don't understand property taxes.
If you buy a house for $2mm, why the heck do you need to pay the Government $30,000 per year just to stay in a house you *own*. Does that not essentially mean you don't own it in the first place?
Convince me otherwise?
@DavidHodge
Decent counter-point.
I guess I believe that once you "own" something, the artificial maintenance costs should not be extensive.
Insurance is a full service, not just a tax.
@AxleHellfire
Yes, but it's not a tax on any form of gain. Or relatively high amount of wealth.
It hurts even a lot of normal homeowners who buy homes for $300k-$600k. They, of all people, shouldn't be hit with wealth taxes in the multiple thousands of dollars / year.
@zachtratar
I think its generally a legibility problem with a long history. (How and what exactly to tax). For a great "how we got here" there's Seeing Like a State by James C Scott.
It has always made me uncomfortable that it disincentives making your property nicer/prettier.
@zachtratar
You have to pay your Soveriegn and Liege Lord for the maintenance of his Army that defendeth you in time of Strife and Turbulence.
It’s been a thing for a long time...
@zachtratar
Taxes are the government taking money from you to provision services. They’re measured in lots of ways. Interpret how you will but ultimately that’s all it is. Economists argue it maximizes the use of land which is ultimately important to everyone. You won’t own it forever.
@stevehind
For the most part, yes. Though some in the thread highlighted that the taxes aren't levied fairly or progressively due to different Props/local laws.
@zachtratar
You’re right. It’s absurd how many times every single dollar is taxed for nearly everything any human wants to do with them.
It’s a racketeering fee, and yes, all roads and public services could/should be provided privately.
@zachtratar
What does “owning” land mean? Government will send police w guns to arrest others who try to use it. Doesn’t have any other utility. Your “ownership” is granted by society and the government, your taxes imposed likewise.