Originally Posted by
OOfff
any credit to existing homeowners is just a subsidy from those with the misfortune to be born later. i don’t feel any younger people owe me that.
but yeah, seems like you could change the total tax balance with such a change. either lower overall property tax or lower income tax or lower sales tax or any combination.
Its a subsidy because the existing homeowner payed more based on a favorable tax law that’s going away so your making them whole. Make it a one time deal potentially. Agree on the rest. Now we’re getting somewhere.