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Why should the value of that home be taxed again?

It should be taxed because ownership of that home is supported and protected by most of the expensive services provided by government from fire and police to the title registration in the county registrar of taxes. Sure, it is the representation of accumulated wealth, but it is the holder of that wealth who benefits disproportionately from the services of the society that protect that wealth. "The law, in its majestic equality, forbids the rich and the poor alike to sleep under bridges,...". It lowers property values.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jan 20th, 2012 at 10:58:52 PM EST
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