I don't see how this would be beneficial. What would the incentive to ever sell land or do anything productive with it? Unlike fiat currency land is finite. Bill Gates and blackrock could buy up land and homes non-stop. Gates could turn around tomorrow and then cease to farm it creating food shortages. In this case a progressive land tax is the only progressive tax that would make sense. It would keep the wealthy from gobbling up huge swaths of land leaving the poor with no stake in the country they were born in.
You could say that right now about the current situation. Relieving current homeowners of their property tax burdens won't do anything either way to stop/encourage the swamp from purchasing land to kill in an effort to deteriorate quality of life and corral society into cities. They print whatever money they want. In fact it may keep more owners in their properties (and out of BlackRock's nefarious control) as some owners won't be at risk of being forced out because they can't meet financial tax obligations. The issue of cabal minions gobbling up property for nefarious purposes needs to be addressed separately and is in no way, IMHO, going to be affected by alleviating this financial burden on homeowners.
What it will do is stimulate the economy as ACTUAL ownership of one's land, no threat of tax-based confiscation, may motivate owners with discretionary funds to plow more money into updates, take their families out to dinner more often, go purchase local crafts and the like, thereby putting more money in the coffers of small business owners, etc.
I don't see how this would be beneficial. What would the incentive to ever sell land or do anything productive with it? Unlike fiat currency land is finite. Bill Gates and blackrock could buy up land and homes non-stop. Gates could turn around tomorrow and then cease to farm it creating food shortages. In this case a progressive land tax is the only progressive tax that would make sense. It would keep the wealthy from gobbling up huge swaths of land leaving the poor with no stake in the country they were born in.
If you're worried about that a simple solution would be to do something like eliminate property tax on a person's primary residence.
That would be a partial solution.
You could say that right now about the current situation. Relieving current homeowners of their property tax burdens won't do anything either way to stop/encourage the swamp from purchasing land to kill in an effort to deteriorate quality of life and corral society into cities. They print whatever money they want. In fact it may keep more owners in their properties (and out of BlackRock's nefarious control) as some owners won't be at risk of being forced out because they can't meet financial tax obligations. The issue of cabal minions gobbling up property for nefarious purposes needs to be addressed separately and is in no way, IMHO, going to be affected by alleviating this financial burden on homeowners.
What it will do is stimulate the economy as ACTUAL ownership of one's land, no threat of tax-based confiscation, may motivate owners with discretionary funds to plow more money into updates, take their families out to dinner more often, go purchase local crafts and the like, thereby putting more money in the coffers of small business owners, etc.