Comments by "Kong" (@Koushi82) on "Is Texas Becoming The New California?" video.

@chavaraujo They should only raise property taxes no income taxes or other consumption taxes. Property tax is the fairest tax of them all. if them mofo buy up all property and not use it tax the f out of them until they go bankrupt. if they raise rent then more people build more and lower their land value appreciation or values. if they raise land values as well even more property tax. from 1-10% NO income tax allowed. reduce sales tax to 1-2% if they want. this will benefit those that live in their cars while protesting the landlords. No laws against those that seek shelter in their cars from high rent prices. let USPS accept packages for those that live in cars as well and let people rent a po box for tax purposes like businesses. but live in Texas with job or student. also landlords that do not live in Texas will be double taxed.
21
Lucius Sulla so you rather tax people that produce wealth for a living. property owners DO NOT produce wealth unless they use it to produce wealth that is income. Landlords do not produce wealth. Only when they fix it up do they produce wealth. meaning use it or lose it policy. So sorry for pensioners but you can only have your primary residence tax up to livable space divided by citizens free, anything else taxable. Time to make you wise up instead of dragging us millennials down with you the sinking ship punishing future generations to come. WE REFUSE TO PAY FOR YOUR DEBTS. Your 28 trillion is yours alone. We already pay for it and will not see a dime of return. Your pensions are on our sacrifices not yours. Next there will be no business or personal tax. There will only be property tax on land owned. If you do not own it you lease it from either the gov or landlords and they pay tax or get revenue from rent. either way you pay the tax. This is much more transparent and taxes those that would pay to produce wealth on said land. Remember you don't own the land anyway right now as you pay tax regardless. Exemptions: to satisfy progressives and liberals. About 500 sqft per human should suffice. extra depreciating sqft per dependent. next tier will be 400 then 300 200 and 100. 1000 sqft for a married couple. the most you can deduct is 1500 sq ft per person thenand 3000 sqft for a set of 8 children per married couple. 3000 sqft is plenty and 8 kids are plenty for tax deductions. No more tax deductions after 8 kids. the sweet spot is likely 3-4 kids. 500+500+400+400+300+300 = 2400 sqft tax free Solution to pay less taxes = produce more babies. most of those live in shoe boxes in ca and NYC. 150 sq ft or less. 500 sqft is plenty to be tax free. up to the state really though. That is how my tax system will be instead. 0 income ta 0 sales tax or at most 1-2% 0 income tax should shut the conservative side up. Doing all this should eliminate tax complications and free up capital for wealth formation for all people. You can choose to live in your own car if you want and not pay the property tax. Someone will if they use it to produce wealth like setting up shops, parking etc. They want people thus make it free to drive through or park. But someone is paying for it. tax rate on property because you cannot escape property tax or fudge it if you own said property you pay nationally. Foreign nationals pay double property tax we don't want those that do not live here owning anything otherwise pay us double. Enemies pay triple value taxes. Each year it will be reassessed whether you sell it or not. If it goes up too high in taxes you better sell raise rent make more productive use of it, if you cannot afford it else you will pay more in taxes than your income. There is no income tax remember. Each day if it permits blockchain will update this value. Rent can be charged daily if you are a landlord. things can be different depends here. Property tax will go up based on vacancy of the property. You must use it and house a human being. here is my assessment. If a existing apt is vacant they will be assessed a higher property tax cumulatively increasing per month. Forcing them to hurry up and rent it out. a 10% tax levied on the property if it is vacant for longer than 1 month. If the property is only being used as a vacation home then too bad you need to use it for airbnb and claim it as a business not a residence. meaning it shall be taxed. Discouraging rich from buying vacation homes. 10% per year is a lot of property tax they are not using plus the property being reassessed per year or shorter depending on technology perhaps block chain making it 1 day. if it is farmland and you produce so little to pay for property tax you should probably sell it. owning 10 acres means nothing if you don't produce wealth with it and instead let it sit there. Basically you are a leech now doing nothing. 500 sqft per person living on that acre exemption everything else taxed. IDC if you are old pensioner. pay your property tax. You ain't producing anything on property thus sell it GTFO of the way of progress. Also older people that do not work shouldn't be living in cities anyway where the young are forced to work to hell and over to support older people. They made their money and now they need to leave the cities to retire instead. Unless someone wants to claim them for tax reasons. 500 per adult remember that. Not bad for encouraging generational families to live together. That is a huge tax write off. not so much to the rich though. rich having many babies? even then they own way more than 1500-3000 sqft. they own that plane they need to pay for storage another property tax. or that lambo? yep parking thus property tax. that business/factory? yep property tax. that warehouse? yep again the rich cannot run away from property tax unless the stupid peasants are paid to complain
3
@majesticmajestic7058 Milton Friedman did people ignored it liberals instead wanted to be rich themselves and enslave the working class so they made income tax while they leech off it
2
god I hope not... no income taxes please Texas does not need it. if Texas knows better increase property tax to the hilt if landowners abuse renters and go out of whack with salary. clean up the beaches and texas isn't that bad
1