288 sats \ 0 replies \ @wingalt 28 Dec 2023 \ on: The Evil of the Residential Property Tax libertarian
Most taxes are morally wrong and paying a fee to live in ones own house (i.e., property tax) is one of them. Real estate as investment doesn't make sense since it should be a depreciating asset like a car but it has worked so well for so long that it will take time to be replaced by better forms of store of value (e.g., bitcoin)
Progressive income tax is also evil, punishing people when they produce more create wrong incentives, it would be more fair to agree on a 5-10% tax that everybody pays and that's it, much simpler and favoring productive work
Tobacco, gambling and alcohol taxes make more sense if the rational is to limit harmful behaviors but how to justify death tax (i.e., inheritance tax)?
Adding them all up in some countries people pay about 80-90% of their yearly income in taxes, let's think about that for a while...