The taxes are applied on income though and government demanding a higher tax amount simply because you own property for example could actually cause you to be broke. If you are going to force people to pay higher taxes because they also have property for example above some threshold you're basically going to force a whole lot of people to force liquidate.
To me this would actually discourage saving and encourage consumption. The US compared to the rest of the world actually has the opposite issue. We need more savings and less consumption, and this disincentives that.
I fail to see how this is a problem though, or how it's a unique problem from the present status quo.
Taxes already cause people who
don't own property to be broke. If higher taxes causes property owners to be broke enough to have to sell property, how is that a uniquely bad thing? This is a very normal thing for the regular non-property owner. Their taxes then get reduced after they sell a property. And they're no longer broke, since they're swimming in cash from selling a property. I just don't see or relate to the sentiment of wanting to have your cake and eat it too - owning property and land but not paying more taxes because of it.
To me it seems like this would encourage people to actually work and be productive instead of owning properties and doing nothing all day. Higher tax encourages/forces people to actually work and generate value for the economy.
This post was edited by El1te on Apr 28 2025 03:12pm