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I just add, that naturally your point is correct. Powerful interests would try to fix property tax for their benefit. But this goal is already achieved much simpler way by taxing labour. When property is tax free, money men can capture rental value simply by creating credit. Or capture the whole ownership by creating property bubble and foreclosures.
by kjr63 on Fri May 20th, 2011 at 09:09:43 AM EST
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