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Re:Coinbase lays off around 1,100 employees by UncleMeat on Tuesday June 14, 2022 @09:26PM (#31748105)
It only feels weird because there is a concerted effort to make you feel that way. It is absolutely identical to property taxes on homes, but that doesn't make people feel icky in the same manner.
Re:Coinbase lays off around 1,100 employees by kurisufag on Tuesday June 14, 2022 @10:54PM (#31748614)
> but that doesn't make people feel icky in the same manner.

speak for yourself! a property tax makes sense in theory: you're contributing to the entity that ensures your land is safe in the first place, but basing it on valuations instead of something like flat rates based on sqft is preposterous.

I'd go so far as to say that the degree to which the knowledge of such a tax affects your decisions relating to the property is enough to constitute a violation of natural property rights.

Re:Coinbase lays off around 1,100 employees by midasuni on Wednesday June 15, 2022 @04:18AM (#31750394)
There are no “natural property rights”, there’s what the person with the bigger stick can enforce.

But let’s take your premise. The more valuable the land, the more an entity will spend to procure it (bigger army etc), and the more you thus have to spend to defend it, thus the more it costs.

Re:Coinbase lays off around 1,100 employees by pmontra on Wednesday June 15, 2022 @04:15AM (#31750373)
It's not as if I stole the money I bought my house with, the house I'm living in now. I paid taxes on them and keep paying taxes on the money I'm earning now. I really don't see why I have to pay a tax on something I already paid for. Taxes on taxes...
Re:Coinbase lays off around 1,100 employees by Aeolun on Wednesday June 15, 2022 @08:12AM (#31751801)
> It is absolutely identical to property taxes on homes

Not quite. I can see what I’m getting back from the city for the property taxes on my home (or on my office).

It’s less clear to me what the city or government contributes to my company. I’m more inclined to say that its existence is a public service.

Re:Coinbase lays off around 1,100 employees by Fargoan on Wednesday June 15, 2022 @02:56AM (#31749926)
Property tax is bullshit
Re:Coinbase lays off around 1,100 employees by jspaetzel on Wednesday June 15, 2022 @04:06AM (#31750326)
Go start your own town to live in then and don't charge anyone property taxes
Re:Coinbase lays off around 1,100 employees by Fargoan on Wednesday June 15, 2022 @10:58AM (#31753935)
Sounds good to me. Service fees would be a better alternative