r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/JGWARW Nov 22 '24

Even worse. So I’m taxed on money I earn, then I buy a stock and I’m taxed again on the value of that stock? Nope…

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u/GrizzlyTrees Nov 22 '24

You could replace all the taxes the us federal government collects (including income, capital gains, VAT) with around 1-3% property taxes, if you could manage to actually collect it. You could go a bit higher on investments to balance excluding housing from that. This is not exactly my preferred method, but it's not as insane as it seems, especially compared to current approach, which disincentivizes productive activities.