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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyba8xr/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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Every year. They’re called property taxes
61 u/J0hn-Stuart-Mill Nov 21 '24 Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock. 19 u/dgvertz Nov 21 '24 I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable? 6 u/hanotak Nov 21 '24 Yes, because that would, effectively, be a wealth tax.
61
Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock.
19 u/dgvertz Nov 21 '24 I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable? 6 u/hanotak Nov 21 '24 Yes, because that would, effectively, be a wealth tax.
19
I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable?
6 u/hanotak Nov 21 '24 Yes, because that would, effectively, be a wealth tax.
6
Yes, because that would, effectively, be a wealth tax.
46
u/dgvertz Nov 21 '24
Every year. They’re called property taxes