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Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you
(lemmy.world)
this post was submitted on 06 Mar 2025
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It is kinda fucked up if retired are forced to move out from their house via taxation. Only ones who benefits are real estate companies
That’s the fictional boogeyman used by the rich to gut public services. See the Howard Jarvis Taxpayer association and California prop 13.
The tax cuts go to the rich and corporate land owners.
We could always, also tax the wealthy. This is not fictional. Retired people in the US are facing a crisis as they're priced out of housing because their social security is fixed and housing prices are skyrocketing.
We could put the stipulation that you’re only exempt from tax increases if the unit is owner occupied, they’ve been there for at least five years, and the resident is retired.
We could also limit the exemption to modest homes, but instead California gives it to mansions and shopping malls too.
If you’re rich, pay your damn taxes.
Agreed