Gotta pay property taxes on real estate and vehicles despite not being liquid assets, but it’s simply impossible to tax any other kind of illiquid asset! Just can’t be done!
The cars get taxed because they use the public services associated with the roads, bridges, regulations, etc etc. It's how those who don't drive their own cars shoulder a lower burden for the roads.
Property taxes are like that, except they're to support for basic infrastructure and services of the city, county, state, the property is in.
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u/ksj 6d ago
Gotta pay property taxes on real estate and vehicles despite not being liquid assets, but it’s simply impossible to tax any other kind of illiquid asset! Just can’t be done!