President of the FEDERAL government has NO POWER to eliminate STATE property taxes.
I am in favor of the smallest government possible, whatever that is.
But ANY government needs funding.
Possible sources of funding:
Income tax (the worst type of funding; most people don't owe it, anyway, but are deceived into thinking they do)
Property tax - at least, this money goes mostly to local government; the problem is, local governments THINK they have to do what the feds tell them, so it doesn't matter so much that it is local, if they think they have to do what the feds say
Sales tax - one of the best ways to tax for state/local, since people who consume more, pay more
Tariffs - foreign trade, so only applies to feds, but the best tax for them, especially as it can level the playing field (but is completely unlevel right now)
Direct tax - each person (or each adult) pays an equal amount; if equality is the buzzword, then this SHOULD be the preferred method, but of course communists do not want the People to realize that they would each have to pay $20,000 per year PER PERSON (family of 4 = $80,000 per year) just to pay for the federal budget, not counting state or local
Constitutional apportionment tax - this is the only way the feds could implement a direct tax; they did it a few times in the first decade or so of the Constitution, but not since, because it would result in the above, or something very similar
Today, the federal budget is MOSTLY borrowing fake money from the Federal Reserve, and a big slice of state/local budgets is getting "free gibs" from the feds.
The whole thing is a clusterfuck.
There is an old saying: The art of taxation is to pluck the most feathers from the goose, with the least amount of hissing.
There will also be a difference between President of the Federal Corporation of The United States, vs Trump who WILL become the 1st President of The Constitutional Republic of The United States since basically 1912/1913.
I’m pretty sure Trump can then remove ongoing Federal Property Taxes since they didn’t exist here before the Federal Reserve was created, depending on prior State’s laws.
President of the FEDERAL government has NO POWER to eliminate STATE property taxes.
I am in favor of the smallest government possible, whatever that is.
But ANY government needs funding.
Possible sources of funding:
Income tax (the worst type of funding; most people don't owe it, anyway, but are deceived into thinking they do)
Property tax - at least, this money goes mostly to local government; the problem is, local governments THINK they have to do what the feds tell them, so it doesn't matter so much that it is local, if they think they have to do what the feds say
Sales tax - one of the best ways to tax for state/local, since people who consume more, pay more
Tariffs - foreign trade, so only applies to feds, but the best tax for them, especially as it can level the playing field (but is completely unlevel right now)
Direct tax - each person (or each adult) pays an equal amount; if equality is the buzzword, then this SHOULD be the preferred method, but of course communists do not want the People to realize that they would each have to pay $20,000 per year PER PERSON (family of 4 = $80,000 per year) just to pay for the federal budget, not counting state or local
Constitutional apportionment tax - this is the only way the feds could implement a direct tax; they did it a few times in the first decade or so of the Constitution, but not since, because it would result in the above, or something very similar
Today, the federal budget is MOSTLY borrowing fake money from the Federal Reserve, and a big slice of state/local budgets is getting "free gibs" from the feds.
The whole thing is a clusterfuck.
There is an old saying: The art of taxation is to pluck the most feathers from the goose, with the least amount of hissing.
There will also be a difference between President of the Federal Corporation of The United States, vs Trump who WILL become the 1st President of The Constitutional Republic of The United States since basically 1912/1913.
I’m pretty sure Trump can then remove ongoing Federal Property Taxes since they didn’t exist here before the Federal Reserve was created, depending on prior State’s laws.
Thanks for bringing up this critical point Brent! 💥