IIUC, you're arguing that we should expect that ^^^ outcome, because of the political/economic dynamics you mentioned earlier.
My understanding is that, except in towns/cities undergoing gentrification, U.S. municipal property taxes are pretty constant (modulo inflation).
So it sounds like the outcome predicted by that theory probably isn't happening. Wouldn't this cast doubt on the theory?
Yes, except for places experiencing increasing real property values, real property taxes aren’t increasing.
But the discussion was about places with sustained real property value increase, so that generality is irrelevant.
The scare scenario is still wrong, but for different reasons.
Unless you're referencing the California instances in which Prop 13 protects homeowners from increases of more than 2%, I'm not sure what you mean. Nationwide property taxes increase over 5% YoY, while general inflation was far less [0]
[0] https://www.marketwatch.com/story/homeowners-are-facing-the-...
[1] https://www.statista.com/statistics/244983/projected-inflati...
In fact the evidence is that property taxes don’t go up endlessly they are actually highly stable when adjusted for inflation. Further many states don’t have property tax, or expressly cap them.
Finally everyone always needs more money, individual and companies included. Why should government be any different. Governments are just human organizations like any other. They just have a different role and responsibility.
I do expect them to go up endlessly, but I expect for everything else to also go up endlessly (in nominal terms).
The government always needs more money.
Why would your property taxes not continue to go up endlessly?