Unrealized capital gains taxation is indistinguishable from imaginary gains taxation. There isn't a single economist that would advocate for that, and only dullards and rubes would think that's a fantastic idea. Those geniuses think we should tax lottery ticket holders for the full amount of winning the lottery prior to revealing the outcome. It's a disqualifying position to take for anyone seeking a leadership position, because it's clear that person doesn't know what money is, or how it's created, or basic human motivation.
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Originally Posted by JSH
I disagree that property taxes are weird. They are the 3rd leg of a balanced tax system. Sales, Income, and Wealth. (Property taxes are just a form of a wealth tax). Property taxes are also the most steady of the 3 the produce a steady revenue stream. Both sales and income taxes can vary wildly year to year based on economic conditions.
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A tax is justified if it's more steady? Gentrification is the process of a thing not only having been paid for, but paid at an increasing and unending rate.
There is a case to be made for the public taking a portion of the value created in society; but none to be made for merely retaining the value of said created wealth.
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Originally Posted by JSH
Old Testament tithes were a percentage of one's total wealth.
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It's an outrage that the federal government; the lest locally important and least individually impactful organization, should take the most in taxes; and way more than recommended by The Creator.
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I'd be careful with the New Testament example as there members of the church where living in common. That dreaded communism.
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I'd be more careful applying communism at organizational levels that always end horrifically.
I practice strict communism in my household, because that is a functional organizational level to apply it. Get more than a hundred or so, and the dysfunction of such a system becomes apparent, and scales in dysfunction in proportion to membership.