Why Do We Still Pay Property Taxes?

Why Do We Still Pay Property Taxes?

0 0 about 1 year ago
Most Americans know that property taxes pay for the public schools, police and fire departments, and services like trash pickup and road repairs, but why are those things funded through what one economics expert considers a relic of the colonial era.

The issue arose in connection with Massachusetts Sen. Elizabeth Warren's call for a wealth tax on assets above $50 million.  During an interview with Chris Hayes on MSNBC, Warren claimed her wealth tax was a brand new idea in America.

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