Actually progressives in liberal areas wanted and want to maintain Salt deductions. President Trump wanted to limit them. He probably lost the Biden election because of Salt deductions. The old money class are now the progressive democrats in the Northeast, Illinois, and California.
In most states, at least for one’s primary “homestead,” property taxes are integrated into one’s mortgage payment through the escrow. That means that not only are property taxes paid in twelve increments, but the magnitude is also hidden. Perhaps I’m missing some nuance to your argument, but shouldn’t this make property taxes more popular?
Anyone with a mortgage pays property tax monthly. PITI as the total mortgage payment is called includes taxes (it is the T). Mortgage lenders understandably don't want the government confiscating their property because of a failure to pay by a third party so they collect and escrow the money necessary. Sales tax is close to proportional if food and meds are excluded as they are in most places. Smith, Ricardo and Mill lived in a time and place where land was owned by the remaining members of the fuedal aristocracy. I would be startled if Lind didn't know all of these things so I have to assume this is another attempt to expropriate the Boomers without saying the word.
Actually progressives in liberal areas wanted and want to maintain Salt deductions. President Trump wanted to limit them. He probably lost the Biden election because of Salt deductions. The old money class are now the progressive democrats in the Northeast, Illinois, and California.
In most states, at least for one’s primary “homestead,” property taxes are integrated into one’s mortgage payment through the escrow. That means that not only are property taxes paid in twelve increments, but the magnitude is also hidden. Perhaps I’m missing some nuance to your argument, but shouldn’t this make property taxes more popular?
Anyone with a mortgage pays property tax monthly. PITI as the total mortgage payment is called includes taxes (it is the T). Mortgage lenders understandably don't want the government confiscating their property because of a failure to pay by a third party so they collect and escrow the money necessary. Sales tax is close to proportional if food and meds are excluded as they are in most places. Smith, Ricardo and Mill lived in a time and place where land was owned by the remaining members of the fuedal aristocracy. I would be startled if Lind didn't know all of these things so I have to assume this is another attempt to expropriate the Boomers without saying the word.