The Parkus Empire wrote:Tekeristan wrote:On the other hand, you had rampant land speculation back when. Today you tend to have land being held, not developed, or held empty (I.E companies holding build lots and houses to raise the price of other ones- lowering the supply). There are practices that jump about such.
Land speculation was rampant back then because land was the major source of wealth. The ruling class were landed gentry or plantation owners (who relied on slaves precisely because everyone else tended to have land and had no interest in working someone else's). Now the major source of wealth is finance, not land, so it's another ballgame. And speculation is just as rampant, it's just moved to much more fungible objects.Sorry to her about your mother. :/
God's will, but the point is that no one can own their own land anymore, our homes and land are no longer inviolable. People can be deprived of their property without due process.Property taxes are levied at the local level.
As are poll taxes.
It's a major source of wealth even now, tbqh. But the slaves were chosen because of stuff like Bacon's Rebellion more than people not really wanting to work. It was a choice between giving poor whites and workers more political power or.. Well. What they did. But just property is still a major market. Land is super expensive right now.
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Farming family myself, it's an oof that's for sure. But it isn't the cause of our downfall at the moment.
Poll taxes are prohibited by the Constitution. The reason why is because it was used to repress poor whites and especially poor blacks. Uh.. We have plenty of example in where they can go wrong.