Opinion from a Libertarian ViewPoint

The Disturbing Truth About the Home You Think You Own

Posted by M. C. on May 10, 2023

What’s yours is yours, and you shouldn’t need to pay anyone for permission to keep it.

That’s why the very concept of property tax is a despicable affront to property rights, which underpins civilization itself.

That’s why the people who promote, implement, and benefit from property taxes are anti-civilization parasites.

by Nick Giambruno

Eroding Property Rights

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In 2012, North Dakota held a referendum to become the first US state to repeal property taxes.

The measure would have amended the state constitution to eliminate property taxes and mandate the government to find revenue through alternative means.

Proponents noted that a property tax was unnecessary because North Dakota had sufficient revenue from its state income tax and oil income.

They argued that property taxes were regressive taxation that disproportionately affected low-income homeowners and senior citizens. Further, repealing property taxes would provide financial relief to homeowners and foster economic growth by attracting businesses and residents.

A coalition of bureaucrats and special interest groups opposed the referendum.

In the end, voters rejected the referendum by a wide margin, with 78% voting to keep their property taxes.

A Disturbing Distortion of Property Rights

Most people thoughtlessly accept property taxes as a normal part of life—like gravity or the sun setting in the west.

There is no way to pay off your property tax obligation in one fell swoop. It hangs over your head as long as you own the property.

However, the existence of property taxes raises some important, fundamental questions.

Do you really own something if someone forces you to make never-ending (and ever-increasing) payments on it?

Clearly, the answer is “no.”

See the rest here

Be seeing you


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