Property tax is a regressive form of taxation that disproportionately hurts the poor and elderly. It ought to be outlawed; if not universally, at the very least for personal residences. It's repugnant that we can never truly own a home and we must instead spend a lifetime renting one from the state.
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Taxes are the price of civilization, but not to generate profit.
Case in point: Tesla in Texas. pays no property tax, and the surrounding residential areas have seen taxes increased 300% in the last 5 years.