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Reply #23: I know. I'm just telling you why Republicans wouldn't do it. [View All]

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-06-04 09:50 AM
Response to Reply #18
23. I know. I'm just telling you why Republicans wouldn't do it.
Aside: I don't know if we have to get rid of the property tax. It's a good way to capture accumulated wealth that isn't transferred in a given year, but can be used to tap into wealth which isn't taxed (like, when you take a loan againt your property). But there are two big things that need to change about property tax: it shouldn't be unbelievably burdensome, and it shouldn't be that middle class people bear the brunt of it. In Wealth and Democracy, Kevin Phillips argues that must local governments give so many breaks to corporations that increases in property taxes are no felt almost exclusively by individuals and not corporations -- and corporations often own the most valuable property.
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