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There is a particular problem with taxing the value of residential properties based on value. As long as the population is mobile and moves often it probably works.

If you stay in the same place for 60 years discrepancies can crop up. Poor neighborhoods can become wealthy neighborhoods. (Cabbage town in Toronto for example). In effect this type of policy hits the poor and elderly quite hard.

Of course you could do worse and follow California's proposition 13.

aspiring to genteel poverty

by edwin (eeeeeeee222222rrrrreeeeeaaaaadddddd@@@@yyyyaaaaaaa) on Fri Jan 20th, 2012 at 09:34:12 AM EST
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