The idea of taxing property is not new. It has been happening in America for centuries.
While we gripe about it, Americans have come to accept the idea of a property tax on everything from our homes, to cars, to business inventory.
Property is property.
Why should the person who decided to use their money to buy a house (with income which has already been taxes) have to pay property tax every year whereas the person who decided to put their money in the bank does not have to?