From Pine View Farm

The Entitlement Society 1

The rich are different from you and me.

They’re entitled.

A letter to the Editor in the Boston Globe points out that

. . . the opponents of wealth and inheritance taxes usually overlook the common practice of taxing working-class wealth (home ownership) every year through property taxes — even when that wealth is owed (rather than owned) as mortgage debt.

Any tax in isolation looks unfair to someone.


1 comment

  1. Duffy

    November 29, 2010 at 1:45 pm

    One thing that always bugged me.  When I bought my house I had say 10% equity in the house.  I owned 10% and the bank owned 90%.  Why am I responsible for the full 100% of taxes if I in fact, don’t own 100% of the house?