this post was submitted on 15 May 2025
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A Boring Dystopia
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I agree, we should replace property taxes with very large income and wealth taxes. First we can end property taxes and then we can implement guaranteed income so people who become disabled can afford to maintain their homes.
The thing about yearly property taxes is they often go to the city/municipality and that's how they pay for things.
The city doesn't charge income tax, that's a state/province/fed level type thing.
We'd need a new way for cities to collect taxes themselves, or a new system to properly and fairly distribute taxes from the incomes to the cities/municipalities where they live.
Definitely doable, but it's a bit different than just raising income taxes.
My city charges income tax. As does the locality I actually live in. Plus property tax. Plus a School income tax on top of it...