The Burden of Property Taxes

This chapter explores the troubling dynamics of property taxation, comparing it to a Ponzi scheme and highlighting its detrimental effects on households, especially seniors on fixed incomes. The speakers discuss systemic issues such as fraudulent appraisals and the inequities of taxing unrealized gains, alongside the financial stress it imposes on long-term residents. Additionally, they critique the current taxation strategies and propose reforms, urging for a more equitable consumption-based approach.