Except for the fact that land taxes are regressive and extraordinarily evil toward the bottom ~50%, the people that have by far the most difficulty affording their property taxes each year.<p>Ted Turner isn&#x27;t having a problem paying his property taxes. The rich will <i>never</i> have a problem paying their property taxes. It&#x27;s the poorest that struggle with it. Fully distributed land value taxes discourage property ownership by the non-wealthy, which will increase wealth inequality.<p>If you then plan to create exclusion lines based on wealth or income, that drop people out of having to pay property taxes - well then you&#x27;re just going to create a lot of other problems in which you&#x27;re punishing people just above that line that can hardly afford the tax either.<p>If you want to use a very finely graduated property taxation approach, good luck fairly managing it across a nation as large and diverse as the US in terms of incomes &#x2F; land values &#x2F; standards of living &#x2F; et al.<p>If you make a person pay $3,000-$4,000 annually on their homeowners taxes per year, with said person having a median income in a house valued at the median, then what you&#x27;ll accomplish is every ten years you&#x27;re guaranteed to have completely wiped out all value gain created by that person owning their home and paying down their mortgage.<p>Property taxes are just about the most regressive taxation device ever implemented. The only thing worse is the basic income, in which the rich are given a welfare hand-out.