> I think "everyone must pay" is even more politically infeasible than setting the tax at 5%, sadly.
This surfaces how little say individuals have in our public policy. I specifically added a clause that would more than offset this tax for a modest one bedroom unit for each individual over the age of eighteen. However, I suspect you are right. However, there will be massive lobbying to kill this proposal before it can even gain any traction. Huge data centers, ware houses, grocery chains, malls, sports stadiums and all these things don't actually pay that much in property taxes and claim that they operate on such razor thin margins that they simply can't exist without a zero percent property tax. These institutions threaten to pull out from our communities if we don't give them rebates on property taxes. Well I'd like to see where they move to when we have a federal property tax!