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BISMARCK, N.D. — Since Californians shrank their property taxes more than three decades ago by passing Proposition 13, people around the nation have echoed their dismay over such levies, putting forth plans to even them, simplify them, cap them, slash them. In an election here on Tuesday, residents of North Dakota will consider a measure that reaches far beyond any of that — one that abolishes the property tax entirely.
An unusual coalition of forces, including the North Dakota Chamber of Commerce and the state’s largest public employees’ unions, vehemently oppose the idea, arguing that such a ban would upend this quiet capital.
Originally posted by jacobe001
I agree with no property tax and would like to extend it across the US.
The only problem I could see with it though, is it would elevate land costs across the nation creating a new bubble, because the wealthy would buy it all up and hold it as an investment.edit on 12-6-2012 by jacobe001 because: (no reason given)
Originally posted by neo96
North Dakota Considers Eliminating Property Tax
An unusual coalition of forces, including the North Dakota Chamber of Commerce and the state’s largest public employees’ unions, vehemently oppose the idea, arguing that such a ban would upend this quiet capital.
What say you ATS?edit on 12-6-2012 by neo96 because: (no reason given)
From the outside, you’d think the US Chamber of Commerce must know what it’s doing. It’s got a huge building right next to the White House. It spends more money on political campaigning than the Republican and Democratic National Committees combined. It spends more money on lobbying that the next five biggest lobbyists combined. And yet it has an unbroken record of error stretching back almost to its founding.
Originally posted by frazzle
If the Chamber if for it, run as fast as you can in the opposite direction.
www.commondreams.org...
Originally posted by bg_socalif
They'll probably recoup it by raising sales tax, state income tax, vehicle registration fees or something.
They'll get it back somehow.