How Property Taxes Shape Our Cities
I wonder why we don&#x27;t have a system where the norm is no property taxes on property that you designate as a personal residence which cannot be leased or otherwise monetized, and then a moderate property tax on properties beyond that. Ideally the goal of a property tax would be to discourage people from buying up immense amounts of land simply as a sort of naturally inflationary and stable wealth storage device, but as is the various rules seem to be really just all over the place.