I think it just adjusts the equation of living, which requires perpetual resources
so, continued or increased work
or continued / increased flow from ("passive") investments or capital
Even without property taxes, there are still ongoing costs of living like for food and so on
So like another way of framing it would be like you need to eat 2x as much (or whatever multiple your property taxes cost)
(Note that I am not justifying property taxes and would like to see them disappear, but something of the same degree of the "wrongness" of taxes doesn't feel as there as it used to. For example the ancaps say "taxation is theft" and again I would be fine with there being no or less taxes, however there are still fixed costs if we didn't have involuntary taxation: you'd still have to pay for police, military, and court protections and privileges, which would be like a "tax" or continued cost over time.)
I think it just adjusts the equation of living, which requires perpetual resources
so, continued or increased work
or continued / increased flow from ("passive") investments or capital
Even without property taxes, there are still ongoing costs of living like for food and so on
So like another way of framing it would be like you need to eat 2x as much (or whatever multiple your property taxes cost)
(Note that I am not justifying property taxes and would like to see them disappear, but something of the same degree of the "wrongness" of taxes doesn't feel as there as it used to. For example the ancaps say "taxation is theft" and again I would be fine with there being no or less taxes, however there are still fixed costs if we didn't have involuntary taxation: you'd still have to pay for police, military, and court protections and privileges, which would be like a "tax" or continued cost over time.)