Asset taxes are absurd. Especially when asset prices are not priced for their utility value. The main reason ppl put their wealth in physical assets is bc fiat money is garbage.
The house and property most likely didn't go up in value, the fiat went down.
why do you think they are absurd?
the state protects and allows your assets so you should pay a fee for this, otherwise anyone may come and take your assets
#1 I'm not a statist
#2 property taxes are used as a weapon to price individuals out of their own home. Happens every day. Ppl will overpay by triple on a shitty house, surrounding neighbors lose generational family home bc they can't pay property taxes.
property tax should make property more available as it can prevent underutilization like speculation
i think its absurb that people think they have a right to a piece of land, if it wasnt for the state anyone may take anything, that is the right
Spoken like a true statist. The right to own property is fundamental. If the government can continuously tax you on property you've already purchased, you do not own it. You have entered a slave contract to work on that land. Eventually you or the inheritance of that land will pay more in taxes than the land was worth. That means you never owned the land in the first place.
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National Socialism for the win
it seems to work up until they go to war, tho watch china
Germany had to fight the entire planet. Not fair
Every regulation results in surveillance over time. The regulatory state becomes the surveillance state. Why? Because every regulation requires monitoring to be efficient.
Asset and wealth regulations require monitoring of everything that a person owns, and projected over time, at a global level. This in turn results in global regulations to monitor asset or wealth ownership.
Whatever amount of wealth you can build up over your lifetime to secure your old age when you can no longer work, that wealth has already been taxed, often many times over if we include inflation.
If your wealth is regulated, then your desire for privacy becomes a crime. If there is a dispute over your wealth, then the government is always right according to the law, even when it is wrong. If there is a dispute in your reporting and the government claims that you owe it money, then even if you are correct, you are criminalized.
The government operates from an inverted burden of evidence; you are presumed guilty until proven otherwise. We saw the same principle applied to Covid; you are presumed sick (and dangerous) until proven otherwise.
This is a totalitarian priciple that gives a government full power to extract resources and compliance from individuals without providing evidence (proof-of-work) for the government's claims.
You must prove that you don't 'owe' the government X amount of money, while at the same time, the government can increase the requirements for evidence to a level where an honest person no longer can prove their wealth ownership to the standards set by the government for purposes of wealth seizure.
Luckily bitcoin solves this.
The time has come to separate money from state.
Yes, Bitcoin solves the problem of tyranny and totalitarianism.
As Samson Mow observed: when everyone becomes a witch (from the perspective of the State), then witch-hunting is no longer possible.
Similarly in history, Ceaucescu's seemingly overwhelming power was lost when public perception turned against his regime.
Bitcoin undermines the totalitarian architecture.
Right Rafa. Asset taxes are there to prevent people from opting out from inflation. Inflation is the hidden theft that most people either don't see, or at times, they believe they benefit from it. (Over time they don't, unless they are the 1% cantillionaires)
