Quote:
Originally Posted by Doctorfever
Definitely need property taxes, but I am not sure making property taxes high and income taxes low (or non existent) is the answer. Will just make rents higher, and properties less affordable / desirable for people. Likely increasing the gap between wealthy and poor.
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Replacing income tax revenue with property tax revenue is nuts: it'll make property unaffordable to anyone but the rich. We're almost already there as it is... You'd create modern-day serfdom.