David Friedberg

And I will make the retort right now to property tax because people always say to me, well, what about property tax?

A property tax is a service fee on a particular specific asset.

A property tax is a service fee on a particular specific asset.

The money that is collected provides services for that asset to make it more valuable.

The money that is collected provides services for that asset to make it more valuable.

So you get roads, infrastructure, policing, fire care, schools, all the stuff that comes with property tax makes that asset more.

So you get roads, infrastructure, policing, fire care, schools, all the stuff that comes with property tax makes that asset more.

And you have the option at any point you want to sell that property and stop paying that property tax.

And you have the option at any point you want to sell that property and stop paying that property tax.

you have the option at any point to downgrade your property and get a cheaper property and pay it lower.

you have the option at any point to downgrade your property and get a cheaper property and pay it lower.

And here's the other important point about property tax, it's uniform.

And here's the other important point about property tax, it's uniform.

Uniform means that everyone pays the same percentage, the same property tax rate in a county.

Uniform means that everyone pays the same percentage, the same property tax rate in a county.

This asset seizure tax that's being proposed is a demographic tax.

This asset seizure tax that's being proposed is a demographic tax.

Meaning that the state or the legislature defines a specific group of individuals.

Meaning that the state or the legislature defines a specific group of individuals.

In this case, they're saying anyone with a net worth over a billion dollars.