Property taxes on primary residences are a tax on unrealized gains, and the double standard around it is glaring.
You buy a house for $300k with your after-tax dollars. Years later the market rises and the assessor says it’s now worth $600k. Your tax bill goes up—even though you didn’t sell, didn’t refinance, didn’t pull out a dime of equity. You’re paying higher taxes every single year on “wealth” that exists only on paper. That is the literal definition of taxing unrealized appreciation.
Politicians and pundits scream bloody murder when anyone suggests doing the exact same thing to billionaires’ unrealized stock gains. “It’s unfair! They’ll be forced to sell assets!” Yet the same logic is applied to your family home without a second thought. If the principle is wrong for Elon Musk’s Tesla shares, it’s wrong for grandma’s paid-off house.
The common defense—“It pays for schools and roads”—doesn’t hold up as justification for this specific mechanism. Those services are valuable, but tying their funding to the fluctuating paper value of your home creates a system where success (a nicer neighborhood, inflation, or simple supply and demand) is punished with a higher bill. Once the mortgage is gone, you still don’t truly own it. You’re a tenant with extra paperwork, paying annual rent to the government based on an assessment you don’t control.
This isn’t about hating government services. It’s about honest funding. Tax actual economic activity—consumption via a broad sales tax, realized capital gains, or user fees for specific services. Shift the burden to people who are actively spending or transacting in the economy instead of penalizing ownership itself. Other countries and even some U.S. localities have shown you can fund local government without treating primary homes like perpetual leaseholds from the state.
Ownership should mean ownership. Not “you own it until the county decides your paper equity went up.” Abolish property taxes on primary residences. The current system is a wealth tax dressed up as a service fee, and it’s long past time we called it what it is.
🚨🚨Kenia SE RETIRA de la OMS porque descubrió que la vacuna contra el tétano estaba combinada con un agente esterilizante.
“Ya no podemos darnos el lujo de confiar en la Organización Mundial de la Salud”
“Las vacunas han disminuido la fertilidad”
El Tribunal Supremo también suspendió la inmunidad procesal de Bill Gates 🔥
Chevron is letting customers know in California that it’s not Donald Trump causing the insane gas prices in the state, it’s California Democrats
Chevron just added these new signs to their pumps educating customers, “Sacramento policies did this. Now you pay more”
“California politicians are choosing foreign oil and fuels over local jobs and lower costs”
This is what we need. Huge companies willing to educate the public and tell the truth
It’s Gavin Newsom and Democrat policies causing $6.30+ average cost per gallon in California
@liz_churchill10 Great, yet again nothing will happen or be blasted across National News. Where’s the outrage, the accountability… we know all these things that have taken place 2020 stolen, J6 staged, so many other crimes and yet NOTHING IS DONE
🚨 Gavin Newsome’s Massive Fraud Scheme EXPOSED
"It is a cycle of corruption. Newsom gives $30 billion in taxpayer money to these “in-home caregivers”, including huge numbers of fraud. These caregivers give money to the unions, the unions give the money back to Gavin Newsom — This is the dirty business of California, and we've blown it wide open."
Good, now arrest him please.
https://t.co/tJEd7dUvwf