Popular MAGA influencer Gunther Eagleman wrote on X: “Good! Now abolish property taxes for us that live here.”
Take note: property taxes are part of the wealth taxes that people rightfully clamor for. Property tax is something you pay because of what you own, not what you earn.
If anything, property taxes should be progressive, with brackets, and there should be a progressive “stock ownership” tax, too. (Yes, there would be carve-outs for 401ks and IRAs and similar retirement investments.)
Take note: property taxes are part of the wealth taxes that people rightfully clamor for. Property tax is something you pay because of what you own, not what you earn.
If anything, property taxes should be progressive, with brackets, and there should be a progressive “stock ownership” tax, too. (Yes, there would be carve-outs for 401ks and IRAs and similar retirement investments.)
Are you trying to make sense of a MAGA soundbite again? They don’t exist to make sense.