So you are saying people who invested earlier should be penalized because they were..I don’t know..alive before you and had a life and build a home that happened to appreciate in value even though it’s a perceived value with no real liquid gains.

Maybe they don’t want to profit out of capital gains. Maybe some people love their home of 30 years and would like to spend the reminder of their lives debt free after planning their retirement.

Seniors and retirees are such low impact on society. They have savings. They pay for services they don’t use. Their pensions and ssi is based on pre inflation valuations. They don’t use schools. Probably drive less and consume less and have a smaller carbon footprint. Most importantly they have already paid for themselves and probably paid their dues to society and several batches of public school kids.

To be envious of them and trying predatory taxation techniques on them is a breach and violation of social contract.

On the flip side, there is a finite supply of housing. A retired senior citizen living in a house prevents a young professional from living in that house. Given that the former is going to provide far less benefit to society than the latter, there is an opportunity cost that needs to be accounted for somehow. A property tax is not a bad way to account for the opportunity cost.

> Seniors and retirees are such low impact on society.

IIRC, medical care accounts for more government spending than all other discretionary spending combined. And most of medical care is going to be caring for seniors.