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487 sats \ 3 replies \ @nullcount 28 Jun 2023 \ on: What have you STOPPED buying after you STARTED buying Bitcoin? bitcoin
Stopped paying rent. So many Bitcoin paid to landlords over the years! Real estate "as investment" is still a shitcoin.
But Sovereign Man owns his primary residence because he's building a multi-generational citadel. Also, most landlords would not consent to converting the property's heating system to run on ASICs exhaust. Doing the water heater next.
But now I have to pay property taxes which are used to fund public schools. Sovereign man does not approve.
I think property taxes are the only form of taxation that is moral. Income tax is a form of enslavement. Sales tax is suppression of freedom of expression. According to John Locke, natural resources become yours by mixing them with your labor, with the caveat that you taking possession does not preclude other people from taking possession of other resources. Since land is inherently finite, but we also want it to be held by the people who will use it most productively (as opposed to redistributing it equally), I would say a tax on it is fair, moral and just.
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property taxes are the rent they charge until they take your land from you.
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At least with income tax, I can get tax credit offsets by donating to 501c3 orgs that I actually want to support. Most of my property taxes go towards supporting the local schools even tho I have never, and likely will never, use them. Furthermore, USA schools are falling behind the rest of the world. In most industries, worse performance leads to less profits to fund operation. But in this case, schools just get more funding for poor performance.
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