I agree Jim. Another example, two people earn the same over their lifetime. One lives high - gambles and travels, one is frugal - buys and maintains a home. Why is the second person punished for being thrifty?
Dan Prozinski Cedar Riverside From: "Jim Mork" > 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. _______________________________________ 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
