I'm a big fan of property taxes. It's a stable, reliable source of funding, which are difficult to avoid. But I had someone present this argument to me:
"a tax on land is a partial but cumulative confiscation of property".
So here is the counter-argument
"Property tax isa rent payment to the public for the privilege of claiming exclusive use of land; land is unique from labor and capital in that it's supply is fixed"
No comments:
Post a Comment
And your thoughts on the matter?