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Re:High property taxes are good by kashkhan on Wednesday July 20, 2022 @02:05PM (#32169805)
The traditional (neoclassical economics) view is that taxes pay for services, but that's not how it really works. The federal government buys these services with money it creates, and then only later does it tax it back.

For state an local governments this is mostly true but even there the federal government helps out.

What you want is for the wealthy to pay for the poor and old and those without much wealth or income.

Re:High property taxes are good by zdragnar on Wednesday July 20, 2022 @03:45PM (#32171148)
State and local governments in the US cannot create money. They either tax it first or run a debt by selling bonds.