The Threat Coming by Land

Re:The Threat Coming by Land by terryf on Sunday September 13, 2015 @08:43AM (#10211181)

So you're basically saying it's ok to tax people on gains, that are entirely theoretical and over which they had no control themselves?

You might have a point if you consider a home something that is entirely fungible - but for a lot of people it is not.

[ Parent | on HN ]

Re:The Threat Coming by Land by gaius on Sunday September 13, 2015 @09:03AM (#10211246)

If a house drops in value, is it also the government's responsibility to refund the difference?

[ Parent | on HN ]

Re:The Threat Coming by Land by FifteenChractrs on Sunday September 13, 2015 @12:42PM (#10211917)

There shouldn't be property taxes at all. It's asinine. Taxes for goods and services is more than enough. Not owning property, or the privilege of employment.

[ Parent | on HN ]

Re:The Threat Coming by Land by kspaans on Sunday September 13, 2015 @02:18PM (#10212249)

Wouldn't that be really regressive? A poor person's spending on goods is going to be a larger proportion of their income than a rich person's.

Admittedly, rich people could buy fancier goods which could be taxed more, but would that make up the difference?

[ Parent | on HN ]

Re:The Threat Coming by Land by erentz on Sunday September 13, 2015 @11:19AM (#10211648)

Since tax is tied to the value of the property when the house loses value taxes go down.

[ Parent | on HN ]