When you can’t pay your taxes, especially in a pretty under-taxes place like the U.S., the question you should be asking is why your work is not paying enough to afford that.
Lots of people vulnerable to losing their homes aren't able to work anymore at all, due to having gotten old, though.
Eh. Myself and most of my friends are salaried workers that are making okay income for our area, but we can't even dream of buying even small houses in our city that easily start at 1.5 Million. Meanwhile, most of these houses are owned by rich retirees. It's just my experience, but there are plenty of groups I'll feel bad for before them.
Oh yeah. I'm with you on that. When a house alone makes someone a millionaire, they can and should pay taxes on it.
Only the wealthy can own property...
He's right, that an individual exemption on property valued below, let's say $200,000.00 would be absolutely reasonable and ethical and justifiable.
Someone ask him if he's willing to compromise to get a version of that only excludes the cheapest homes (those owned by the vulnerable people he's claiming this is for).
Most politicians won't agree to such a simple measure, because they don't give a shit about poor people and demand the exemption benefit their rich friends before it benefits anyone else.
But on the surface ask, I'm all for it. Taxes on poor and middle class (what's left of it) people's property isn't where the bulk of the tax revenue is anyway.
It should be a scaled tax deduction to avoid creating cliffs, and it could be set at any small home amount to start, but should be targeted at zeroing property taxes on starter homes and homes owned by fixed low income empty nest retirees.
There's a very good chance that the revenue from property taxes on the poorest people is wiped out by the costs to the public in court of arbitrating foreclosures and such. There are no winners in the public sector and population at large when a very poor person is struggling to survive.
If helping poor people is really the point, we could just get this done.
Edit: Since his job is political, I don't trust him.
But it's refreshing to hear a politician mention anything at all that locals might actually be directly affected by, instead of hand-waving about fixing the economy.
I'll also note that even the bare minimum version of his plan that I've put forward is absolutely still going to be classist as hell in immediate impact, predominantly benefitting people who had a chance to own property at all.
It's still worth doing - perfect vs good enough and all that. But it doesn't count as a full win if we stop there.
Yea go a head and try that libertarian government shit again and see what happens. Libertarianism fails harder than communism every time