So you think that paper gains aren't gains? Why do people measure their wealth that includes paper gains then?When you're going to get a loan, or you're selling out, yeah paper gains are great. If you're paying taxes on those gains, then they suck ass. That's why some wonderful person invented, "depreciation". Depreciation is our friend...
Except you are still wrong. Still don't know what a home equity loan is do you? You wrongly claimed that you can't pay taxes with equity. Except that a home equity loan lets you do exactly that.We're talking about property taxes, not loans. You know the difference, yes?
You are wrong as usual.
You are the liberal. Aside from that fact, you said that Redress's argument which was nothing more then supply side economics didn't work in reality.I find it trully amazing that some Libbos would bring in tax cuts to counter my argument.
Redress stated: "One way to do this is to increase the tax base. Adding improvements that increase property values would then increase the income from property taxes. Every one wins. The government brings in more money, people have more money, and wealth is created."
To which you replied: "What dream world do you live in? Seriously?"
What Redress stated was expansion of the tax base to increase revenue without raising taxes.....which is the premise of supply side economics. And you called that a "dream world."