Re:America's Growth Ponzi Scheme
by JumpCrisscross on Monday May 18, 2020 @10:49AM
(#23223015)
> an alternative to property/sales taxes and development fees
Development fees are a one-off revenue stream, and could fit the Ponzi scheme assertion. But property taxes? These are recurring, and could be turned to sustainably fund a community's costs.
> we could tax something like 5% of stock buybacks
Within the scope of the author's argument, this would be worse than property taxes. It's an unpredictable revenue stream. And it's unrelated to the liability side of the equation.
Development fees are a one-off revenue stream, and could fit the Ponzi scheme assertion. But property taxes? These are recurring, and could be turned to sustainably fund a community's costs.
> we could tax something like 5% of stock buybacks
Within the scope of the author's argument, this would be worse than property taxes. It's an unpredictable revenue stream. And it's unrelated to the liability side of the equation.