Got our wealth tax bills this week.

[LetsGetSmartAboutIt]

13. It's worse than that actually

Property taxes keep less wealthy people from being upwardly mobile.

They should not finance schools this way because if the property values are low the tax base is small and that gives less money to the schools which affects the educational opportunities of the residents and just adds to the obstacles to becoming more wealthy.

I know someone who went to school in a wealthy area and you could get a pilots license as part of your high school education, among many other things.

Schools in France have enough money to provide actual meals using local products and professional chefs to make sure they have the cultural benefits and better nutrition to help them.

I believe they use a national income tax for schools that is then divided by student population across the country.

So beyond being a wealth or in this case an asset based tax ( based on an asset that appreciates and can be handed down so is not a always reflection of the current owners ability to pay an increasing tax ) it is not equally beneficial to the community and is a tax for schools that a person may or may not use themselves.

I was home schooled and have never had children of my own so all the "school tax" I have paid as property taxes, were for the benefit of society to have an educated population and I'm ok with that.

I'm pretty sure the school tax system was originally partially to keep minorities down or more specifically former slaves by tying educational quality and opportunity to property values and still let the rich benefit from better schools because for some reason the property of the wealthy is worth more than that of people in less affluent areas.

I'm also seeing now that I am in retirement my income has dropped but my property taxes have been increasing and will at some point force me to sell property that I can't afford taxes on or it will be taken anyway. So it's also a regressive tax in that way.

Just my opinions, some facts may be off but most of it is accurate as far as I know.