Property Taxes: an ATM for the Gov't; N.D. wants to Abolish Property Taxes

[bobbyw24]

1. Abolition of private property and the application of all rents of land to public purposes. --Karl Marx in The Communist Manifesto

Congratulations to citizens of North Dakota, fed up with taxation and have raised the necessary number of signatures to place a measure abolishing property taxes on the ballot. The voter initiative needed 27,000 signatures. 28,000 signed the petition.

Please consider Measure to abolish North Dakota property taxes on ballot

Secretary of State Al Jaeger said Friday the initiative had enough petition signatures to qualify for the June 2012 primary election. It will be listed as Measure 2.

The amendment says North Dakota and its local governments may not impose property taxes after Jan. 1. It says the Legislature will have to figure out a way to provide replacement revenue to cities, counties and other local governments.

More

http://globaleconomicanalysis.blogspot.com/2011/04/property-taxes-atm-for-government.html

 

[Travlyr]

Brilliant move if it becomes law. North Dakota will lead the recovery ... especially if they legalize sound money too.

 

[eduardo89]

Great news, but they'll just raise sales tax or income tax to make up for thr short fall. Although I do see sale tax as less of a moral evil than taxing property.

 

[amy31416]

If they do it, I might just move there.

 

[roho76]

Why can't they do this in a warmer state?

 

[pmbug]

You stay awesome North Dakota!

 

[Romulus]

So if this goes through.. they should be the new 'Free State Project'