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uspol 

I'm fully in support of progressive taxation.

I can even be convinced of a wealth tax.

But the more time I think about property taxes, they feel like a wealth tax that doesn't take your income into account- but I can't think of a solution that takes multiple home ownership into account properly (or proportionally).

Still, the idea of a tax being such a burden that it could someone to sell an asset feels wrong.

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uspol 

@emacsen The goal of a property tax is to stabilize society. If you own so much that your income does not support the tax, then you need to slowly reduce what you own.

The reason that this is needed is that usually it is the other way round: If you own much, you don’t have to work anymore to increase your wealth. And that is at automatism that increases inequality between people who put in equal amount of work.

uspol 

@ArneBab

Yes, but it's also possible to buy a house, then hit on hard times.

uspol 

@emacsen
I had strong anti-property tax feelings at one point in time. It seemed crazy that retired people could be forced out of their home because it had become high-value and their income was low. Also, the assessment system is inherently complicated to administer.

On the other hand, some smart people favour #Georgism .

@ArneBab

uspol 

@mpjgregoire I think people should never be forced to sell the house they are living in.

But I have no problem with people who own 20 houses having to sell 5 of them to pax the tax for the other 15.

uspol 

@emacsen Whether that’s a problem depends on whether there are tax exempt amounts.

I think people should never be forced to sell the house they are living in.

But I have no problem with people who own 20 houses having to sell 5 of them to pax the tax for the other 15.

uspol 

@ArneBab

That's fair.

In the US there are special laws regarding your primary residence being protected from bankruptcy.

uspol 

@emacsen Do you think progressive taxation would work with multiple home ownership? Like first house is taxed at X, second house at Y, etc.? Also do you think that much of the burden would be taken off of the lower/middle class (esp in things like property) if something like progressive taxation/a wealth tax were present?

uspol 

@milofultz

Before I say more- this is an intellectual discussion. In reality I don't see a practical solution other than property taxes.

I think property taxes are generally strange.

Some property is taxed very highly, while other is taxed low, and it's a battle to determine that, and argue for tax adjustments, etc.

And property tax can change without the owner having much say, or it can stay artificially low.

It all seems like a mess.

uspol 

@emacsen

I hear you. I don't know a ton about the inner workings of taxes, esp at a property level, since I've rented my whole life. Was just wondering your opinion.

re: uspol 

@milofultz @emacsen

That's how it works in Arizona. Since so many snow birds have houses out here -- your non-primary residence is taxed at around 300%. My county is one of the poorest in the state, but the vacation home owners make up for it.

@emacsen No property tax on your primary residence maybe? Any additional one would be progressively heavily taxed to discourage AirBnB farms.
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