[h=1]Property Rights and Property Taxes—and Countries That Don’t Have Them[/h]
Do you really own something that you are forced to perpetually make payments on and which can be seized from you if you don’t pay?
I would say that you don’t.
You would possess such an item, but you wouldn’t own it—an important distinction
A ridiculous perversion of the concept of ownership and property rights has infected most of the world like a virus: something that most people unquestioningly accept as a normal part of life—like it’s a part of the eternal fabric of the cosmos.
I am talking about property taxes, of course.
You know, the annual tax you pay that is based not on whether any income was generated, but rather on the underlying value of real estate you supposedly “own.” There is no way to pay off this obligation in one fell swoop; it stays with you for as long as you “own” the property.
In actuality, you don’t own anything which you must pay property taxes on—you are merely renting it from the government.
