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[-] Fribbizz@feddit.org 4 points 1 day ago

Property taxes are local — they fund schools,

Funding schools by highly localized tax isn't universal. The US adopted it to make sure less affluent areas have worse schools. I believe the UK does similar things, but they also want marked differences between public and private school alumnus.

but most that tried it abandoned it — capital flight and valuation headaches.

And most importantly: relentless lobbying by the wealthy to get rid of those taxes.

[-] Artisian@lemmy.world 1 points 22 hours ago

source on the size of the effects of lobbying vs flight risk?

I would like to agree with you, its just very not-obvious which influence dominates.

this post was submitted on 24 May 2026
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