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A comment on American Equity. Parent comment

Re:American Equity by khuey on Monday November 27, 2017 @01:06PM (#15789486)
We tax real property, which is a form of wealth taxation.
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Re:American Equity by colanderman on Monday November 27, 2017 @01:12PM (#15789550)
Municipalities do, but the federal government does not.
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Re:American Equity by saas_co_de on Monday November 27, 2017 @05:31PM (#15792241)
Right. The bank owns 100% of the property. The "owner" is underwater. And the owner pays property tax. So "wealth" taxation is perfectly fine for that situation.
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