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OP: I think its a great idea. IF you own property, its an indication that you are or were a productive person. Right now we have a voting population that has a large percentage of people who are not and never have been employed or productive, and yet have an equal say in the government to those who support the government and the economy in general. Once you have a population that thinks that elections are about voting themselves a better standing of living, because the elected officials will increase the free money they get from the govt. the show will soon be over, and that is the path we are on.
Why don't we have two branches of Congress - a House of Commons and a House of Taxpayers. Every adult citizen who is not a felon could vote for the House of Commons, which would be responsible for ordinary criminal and civil law, defense, foreign relations, and so forth. To vote for the House of Taxpayers you would have to pay some Federal income tax (not Social Security) or property tax. The House of Taxpayers would be responsible for all tax and appropriations bills.
Taxes and government spending would go *way* down.
Let's say that only people who own real property ( https://en.wikipedia.org/wiki/Real_property ) are allowed to vote, but that in return the only form of taxation is taxation on property. Would this not incentivize good economic policy since only people who have actual economic resources to lose would have a say while people who don't have property don't need to pay taxes? It just seems reasonable that only the people holding wealth get to decide how said wealth is spent for the whole, as compared to the current system where people just vote themselves into prosperity using other people's stuff.
People who do not own any property also pay taxes, some pay a hell of a lot more than those who own property.
Property is not always an economic resource nor is it the only economic resource.
I am having trouble understanding how you think some family of four making $38k a year and owns some rather small, old home in a low cost area, and receives enough tax breaks to effectively not pay any federal taxes and even gets money back, should be able to vote yet the single guy making $120k a year renting an apartment, and paying out the rear in federal taxes should not be able to vote. Who really is contributing to the economy and has an economic interest?
Many people who "vote themselves to prosperity" own property, I have no idea why you think they are exempt from this type of voting.
If you want to address such things, at least do it realistically, for example; do like what I think the IMF does, in that the amount of money paid in taxes is the number of votes the person gets. Yes, absurd I know, but still more plausible than what you suggested.
If you really want to address this voting into prosperity, address as to why property taxes are based on the value of the property, which has nothing to do with the amount of resources that property uses. Address why so many people have a federal tax rate effectively of zero, and even receives money back.
Let's say that only people who own real property ( https://en.wikipedia.org/wiki/Real_property ) are allowed to vote, but that in return the only form of taxation is taxation on property. Would this not incentivize good economic policy since only people who have actual economic resources to lose would have a say while people who don't have property don't need to pay taxes? It just seems reasonable that only the people holding wealth get to decide how said wealth is spent for the whole, as compared to the current system where people just vote themselves into prosperity using other people's stuff.
I like it. Big money is buying up real estate at a high rate, and fewer and fewer people will be property owners in the future. Eventually only the nobility will have a say in government, and the general population will be in a condition of servitude where they belong.
I'm sure he knows that. And I'm sure he knows that it would not even take one complete tax year cycle before all taxes were abolished afterwards. I don't know of a country on earth where there are no taxes but I'm sure there are. I'm sure they are hell holes. I'm sure that there are wealthy people living well in these hell holes. Or what passes for living well in places where the homicide rates are in the top five in the world. Hey if America wants to experiment further with "have, have not" type winner take all, two state economic systems, who am I. Just do it. Why waste time with "only property owners get voting rights". Get right to the point and say, "we the wealthy no longer want to pay taxes". Oh, right... you already say that... well don't pay them then. Boycott the IRS.
This kinda sounds like Texas to me, just kidding.
OP's idea of taxes based on property is not too far from state economies where there are more poor people where the local economy relies on property taxes such as NY and NJ.
The other side of the coin are the states with more well off people where property taxes are lower but local economies rely on high sales taxes for funding the municipality.
Texas has no state income tax but they'll get you on sales tax and property tax and toll roads etc etc.
Let's say that only people who own real property ( https://en.wikipedia.org/wiki/Real_property ) are allowed to vote, but that in return the only form of taxation is taxation on property. Would this not incentivize good economic policy since only people who have actual economic resources to lose would have a say while people who don't have property don't need to pay taxes? It just seems reasonable that only the people holding wealth get to decide how said wealth is spent for the whole, as compared to the current system where people just vote themselves into prosperity using other people's stuff.
No. That theory doesn't even make sense.
It sounds like the old English aristocracy philosophy, which isn't American.
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