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And we exempt bank accounts, and art, and gold and jewelry, and and and. Property taxes only cover real estate (and, in some states, cars).

When people are talking about a wealth tax, they're talking about taxing all of it, not just what is currently taxed.

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We’re in violent agreement. Our current property-tax system only taxes real estate. Instead of marketing a new kind of “wealth” tax, just call it an extension of property tax.



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