Author Topic: Why are we subsidizing property taxes of millionaires?  (Read 1509 times)

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Offline cybercoma

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Property taxes pay for municipal services which used by renters as well as owners. The system is inherently unfair to expect property owners to pay for all of it. If we wanted a fair system then everyone living in a city would contribute to its tax base whether they rented or owned. The only people who are being subsidized are renters who get to used the roads, parks and community centers but pay nothing towards their up keep.
It's funny how you note that CO2 tax gets passed on to the consumer (which is true depending on a number of factors that influence how much people are willing to pay for a thing), but you don't see that property tax is rolled into the cost of rent.