If you disincentivise individual ownership of expensive land and buildings, building dense housing becomes more profitable. Also, you can pay for social programs with the tax revenue.
Re:High property taxes are good
by imtringued on Wednesday July 20, 2022 @07:53PM
(#32174020)
>You can always build more housing or provide financial services to help poorer people buy homes.
At the edge of town? Why shouldn't we build more housing in the city center?
False equivalence. There's no reason you have to be cruel to either.
You can always build more housing or provide financial services to help poorer people buy homes. Or just, you know, lower the cost of homes so property taxes don't have to be astronomical and force older people out of their homes to begin with.
If housing costs and property taxes are so high it forces older people out, I don't see how that somehow benefits poor people anyway. They still can't afford those stupid expensive houses.