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It seems that such a law would quickly lead to limiting the right to vote to only the wealthy and i'd hope that we'd all like to avoid that.
In the best of all possible worlds property taxes are reinvesting in the community and the benefits reaped by the community lead to increased value for the houses within this community. Better schools, roads, hospitals, etc improve the life for everyone in a community and yet i suspect that if you let home owners directly dictate how much money they should pay in property taxes you'd end up with a community that lacks the necessary funds to support these infrastructures. The sad fact is that too often when people are asked to contribute to the good of society they say no and if we allowed this we'd all be the worse for it. Taxes are not optional because they are not charity as a society we all need to accept financial reasonability for the society we are creating.
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