Quote:
Originally Posted by the_only_turek_fan
I am just going to come out and say it.
Are you ok with someone who owns a $500,000 home paying the same absolute value of taxes as someone who owns a $1,500,000 home?
This is what irks me. Sure taxes are not bad. But are you willing to pay the same number as someone who makes more than you?
The person living in a $500,000 home uses the same services and infrastructure as someone living in a $1,500,000 home.
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Well I think we should have a more progressive system of property tax that makes more valuable homes have even higher taxes then just a linear scale.
The reason in general that person living in a 1.5 million dollar home should pay more in taxes is that they are able to and they require the person in the 500k home to exist in order to support the economy that allows them to own a 1.5m home.
Then in a more abstract sense high taxation should lower property values which while not changing affordability would allow more services to be provided for a given cost of house+Maint+utilities+tax. So overall rather than people paying interest to the bank and capital to older generations you would be paying for services.