system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Personal property taxes are the most damaging and evil tax the government imposes on its citizens, and is responsible for issues like gentrification and being priced out of your own home.

Since you must always pay property tax even you have paid off your home, you never truly own your home. You are always at risk of being priced out of your home by forces outside of your control, such as the property valuation increasing. 

Property taxes is the reason people fight development to keep property tax from increasing, why people are priced out of their homes simply because the neighborhood around them improves, and why reverse mortgages exist.

Society will be improved if personal property can be financially secured with no continuous cost. Commercial property can still be taxed. Property taxes are amoral, and must die.

Edit: I changed changed the conditions of my view: I am only opposed to property taxes that require continual payments, based of the property's value or otherwise. Taxes that require a set predetermined amount are ok.
gpt
>Property taxes is the reason people fight development to keep property tax from increasing, why people are priced out of their homes simply because the neighborhood around them improves

People still do this in California, despite Prop 13. And they still get priced out, as well.

>Since you must always pay property tax even you have paid off your home, you never truly own your home. You are always at risk of being priced out of your home by forces outside of your control, such as the property valuation increasing.

Is that a bad thing, on net? It's not fun, obviously, but at the same time it's not clear we want people to be able to squat on a property forever.

If someone doesn't need to live in Silicon Valley for their job, it's not the worst thing in the world if they get a fat check, and move somewhere cheaper, opening up a spot for someone who does need to live in SV for their new tech job.

>Society will be improved if personal property can be financially secured with no continuous cost

While it's not no tax, California again is an example of the incentives that happen. You get much higher taxes in other areas. A major reason why California is considered such a high tax state is because of Prop 13. (Many other low tax states are on the opposite end of things- places like Alabama/Louisiana have relatively low property tax, but they're not exactly considered attractive places to live)

You also end up strongly incentivizing people to tie a lot of their wealth into property, simply to avoid tax. Even if it's not what they want to do, or not optimal.

This also ends up favoring the wealthy, since much less of their money goes into consumption, relatively.


And hypothetically, of course, you could always implement a property tax that ignores someone's first home.