Mark Anderson writes:
I've always thought real property values to be a
pretty good proxy for wealth (or better than anything else we have, at
least). That's why I think property taxes make more sense than income
taxes, which are a disincentive to work.
My reply:
If income taxes are any disincentive to work (and I don't think so)
property taxes are a bigger disincentive to save. Example: Two people
earn the same amount over their lifetimes. One chooses to travel, goes
to the casino, drives a fancy car, wears expensive clothing. The other
buys a home, maintains it, fixes it up, improving it and the
neighborhood as well. Why should this second individual be further
taxed? The place to tax fairly is at the source, when the money comes
in. Income tax makes best sense.
Dan Prozinski
Cedar-Riverside
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