England is debating a wealth tax. America, as tax revenues crash and the need for government services explodes, needs to consider one, too.
If you own a home, every year you must pay a wealth tax.
The majority of the wealth held by middle and working class Americans is in their homes. And every year, every homeowner must pay a tax on their wealth in the form of a state and local property tax.
Every year, all across America, average people dig deep to pay the one or two or three or 5% annual tax on the value of their home, money that helps support local schools and fire departments.
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-Thom
