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RE: Why I Believe Property Tax and Capital Gains Tax Are a Scam

in #money8 years ago

Property tax reallllly annoys me. Income tax sucks, but you know you're taking the haircut so you just take it and make a little less -- you still get to make income. It's really weird that there's literally no way to secure yourself with a place to live and know you're set.

You say there are places in the US that don't have property tax? Where? lol. You might be right, I'd be surprised and happy to know there are options.

I think "the system" loves property tax, because it would be way easier to retire young (perhaps modestly) if you know you have your home and owe nothing else. You could even grow a food forest and live in a cabin if you didn't want bills of any kind. There maybe would evolve a totally different mindset of how much we need to accumulate and how we structure our lives if it were possible to just have your place with no further obligations.

Property tax, I think, is way more brutal than often discussed.

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People claiming property taxes are moral? Is it considered moral if a family loses their home because they couldn't pay the property tax? That is what property taxes can do.