alt Hacker NewsProperty taxes are the only thing that can redistribute wealth from landlords to the working people.
Your company definitely bought / financed it, so it is clear evidence of your financial means at the purchase time.
Businesses that own land don't pay federal taxes, they can just declare 0 profit every year while paying for range rovers for the owners.
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cco • today at 3:34 AM
> Property taxes are the only thing that can redistribute wealth from landlords to the working people.
Eh? Working people always pay the property tax, landlords do not.
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Property taxes have a component that redistributes wealth from landlords to the working people, but it also has a component that penalizes making better use of the land. The former is usually called "land value tax" and the latter is the part of the tax that is proportional to the improved value of the land. The latter part incentivizes some uncertain amount more towards mcmansions and away from multi-unit buildings.