Property taxes do hit wealth. Two problems I see with property taxes. (1) A hot property market can force your "wealth" to somewhere you don't want it to go, as in doubling the price of your house when you have no INTENTION to sell it! (2) Though you might in THEORY get "wealthier", the city wants it in cash, and if you can't or won't sell, you might not HAVE any more cash than you had before. This hurts the elderly who have no more cash flow but who have become wealthier on paper. This is a major reason people come to resent this "wealth tax". It is forced on them when they are least able to handle it.
===== ===== Jim Mork----Cooper Neighborhood "Blessed are the peacemakers for they will be called children of God"--Matthew 5:9 United for Peace http://www.unitedforpeace.org/new/ __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
