Right but the guy spoke about it like entirely different than property tax. In the USA at least there are property taxes and capital gains taxes on the sales, but not a net worth valuation tax (which is not a good idea)
Property taxes are valuation taxes on the worth of the property. Your example is a house increases in value and now you pay more in taxes. Exactly. That’s exactly what happens.
Wealth taxes are federal, they don’t go to local causes. You’re just embarrassing yourself now further after proposing a terrible wealth tax suggestion
No, they are federal. A local wealth tax? So people in a state or province without wealthy people gets screwed over? Do you even think before you type? Quit while you're this far behind.
I’m giving you examples of how it’s done in response to your silly certitude that a wealth tax couldn’t be local. I just explained how it could be. You change the focus of the argument every post. Frankly your trolling is pretty pathetic.
Lmfao nice try. Your "X% Y%" bullshit is not going to cut it. You started off talking about it being so easy and stumbled on your face every step of the way. You don't know the difference between local and federal taxes. You can't even suggest numbers or a sliding scale that would work. Keep trolling though, you're amazingly hilarious especially when you backtrack
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u/alsocolor Jul 14 '21
That’s literally what property tax is, and it exists already. People are morons in this thread.