I’ve asked Dave Bond of STOP IN to explain their effort to repeal property taxes, as well as bond debt:
Repeal: The real dealProperty taxes are a feudal holdover from old Europe (barons, serfs, Bayou Tapestry, Battle of Hastiness, imperial crap), in diametric conflict with free market economics, due to the absence of any transactional standard. There is no market value system other than the market itself. Buyers and sellers are the only legitimate arbiters of value, which is a transactional reality (an actual sale) and not the guess work of any illegitimately imposed, non-risk bearing, disinterested party (government).
Municipal bonds are