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16.10.25 - 05:48
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When Do We Truly Own Anything? The Property Tax Scheme That Keeps Us Paying Forever (ZeroHedge)
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When Do We Truly Own Anything? The Property Tax Scheme That Keeps Us Paying Forever
Authored by Mollie Engelhart via The Epoch Times,
Texas is famous for its wide-open land, its independence, and its promise of freedom. Yet the truth is that Texans pay some of the highest property tax rates in the country. The state itself doesn't collect property tax, but local governments make up for it many times over. Even with agricultural and wildlife exemptions, the real burden still falls on commercial buildings, apartment complexes, and single-family homes—the very places where most people live and work.
Every year, I write a check for twenty-four thousand dollars in property taxes. In Texas, over half of that typically goes toward public education—sometimes up to 70 percent in certain counties. The irony is that none of it goes toward educating my own children.
I homeschool my kids. On our farm, we built a small barn with electricity, air conditioning, and a nearby restroom.
My husband and I tea...
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15.10.25 - 20:54
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A leaked memo, a Maga-style hat and a trail of broken pledges – it′s Labour′s great housing betrayal | Aditya Chakrabortty (The Guardian)
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Ignore the bombast: Steve 'build, baby, build' Reed's boast looks likely to end in targets more pathetic than they are nowIf the name Steve Reed means little to you, rest assured that is a pothole he is eager to fill. Having replaced Angela Rayner as housing secretary, he bounded around Labour conference last month dishing out Maga-red caps stamped with his credo “Build Baby Build!”. Headgear and slogan have both been filched from that very rightwing guy in the White House – because, like Robert Jenrick, Steve Reed is what happens when self-identified centrists turn populist.Imagine Donald Trump had, years ago, swerved TV fame to become instead ward councillor for Brixton Hill. Imagine if Trump had no towers, but knew his way round a Travelodge. Most of all, imagine this scene from the conference fringe, recounted by Inside Housing magazine:Aditya Chakrabortty is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 wo...
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15.10.25 - 13:30
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Abolishing stamp duty won′t solve Britain′s housing crisis – but this radical property tax just might | Josh Ryan-Collins (The Guardian)
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Economists on all sides agree: rather than incremental changes, this deeply unfair market needs a 'big bang' momentJosh Ryan-Collins is associate professor of economics and finance at the UCL Institute for Innovation and Public PurposeThe UK's property tax system is both inefficient and unfair. There is consensus among all political parties that something needs to be done. On the efficiency side, stamp duty is the main culprit: as a lump sum tax on property wealth paid at point of purchase, it discourages people to move as frequently as they should. It prevents people from realising their full economic potential by finding the right job, in the right area, or moving into a home suitable for their household size.In combination with high interest rates and sluggish growth, tax is contributing to UK property transactions reaching near record lows. Meanwhile, over a third of English households live in homes defined by the government as “under-occupied”, with two or more spare bedrooms; 90% of these are...
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15.10.25 - 07:36
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EU executive to propose short-term rental rules to tackle ′social crisis′ in housing (The Guardian)
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Bloc's first affordable housing plan to cover issues such as tenants' rights, property speculation and tourist letsThe EU executive will propose rules to tackle the “huge problem” of short-term rentals via platforms such as Airbnb and Booking.com, as it seeks to confront the “social crisis” of people struggling to afford a home, its first-ever housing commissioner has said.In an interview with the Guardian and other European newspapers, Dan Jørgensen said it was time for Brussels policymakers to take housing seriously or cede ground to anti-EU populists, who, he said, did not have the answers to the shortage of affordable homes. Continue reading......
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