Ron Paul gets it! MAGA!!!!!!!!!!!!
https://x.com/RonPaul/status/1849574087183536347 (I wore my 'Ron Paul 2008' T-shirt to vote today & they didn't stop me. 😂)
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From what I understand, it should be on REAL increases in property value (not driven by inflation, “windfalls”), retainer fees, stock sales, and a fairly limited class of items.
If tjeybwant contact property, then tax unimproved property and remove the tax once it's improved. The opposite is what we have. U improve it and they charge you more and the guy with the empty lot and no tax has his property values increased on the back of people investing in improvements. It's assbackwards. Better yet, remove all property tax in non commercial property.
Not referring to improvements - referring to money made from LACK of improvements but increases in real value. “Windfall” taxes.
I’m 100% fine with those going away too, as far as I know, just saying that it’s one of a few types of taxes that are ok in our lawful current system of taxation.
The guy who kept his residential house sitting among skyscrapers, for instance - if he went to sell that the land would be worth a fortune, and the house itself worth negative value. The increase in real land value (not “inflated” land value, from currency devaluations) would be taxable as a windfall upon sale.
A lot of that stuff will disappear as well.