Well, let’s examine his tweets and see!
Here are the originals, and my previous analysis on the merits of property taxes.
- People bitch and moan about inequality and high taxes. This would all be resolved by a Swiss-like wealth tax. Why is it not on the table?
- People say a wealth tax is impractical and hard to implement. Well, property taxes are a wealth tax and they are implemented just fine.
- A wealth tax would satisfy both Warren Buffet and Bill Gates who claim they want to pay more taxes. This would solve their grievance.
- Income taxes are unfair because they do now allow people to accumulate wealth. A wealth tax is the only fair tax.
In #4 he says: ” A wealth tax is the only fair tax”. OK, that’s fairly straightforward and unambiguous.
In #2 he says: “property taxes are a wealth tax and they are implemented just fine.” Again, fairly straightforward and unambiguous, though completely wrong, again, see my previous analysis.
So, we have: wealth tax = only fair tax, property tax = wealth tax, and property tax = well implemented tax. I would say that is a fair and accurate summary of Dvorak’s tweets. I disagreed and demonstrated why a property tax ≠ a well implemented tax, and therefore why a property tax is not fair and not just.
In other words, I quite clearly got the point!
But to be fair, twitter may not be the best medium to convey the idea and rationale behind some topics; 144 character limit and all. So, John C. Dvorak, please enlighten us as to why you think I missed your point. I think I clearly stated your point above.
I will gladly post your reply, unedited and in its entirety, for everyone to judge whether I have or have not missed your point. I understand if you prefer not to post here thinking I picked a fight merely to drive traffic. If you so desire, post your reply at the site of your choice and I will post a link to it there.
So, the ball is in your court. Can you defend why a property tax is a good tax which is implemented just fine?
What’s it gonna be?