Certainly taxes are good, taxes are good from a city perspective, because without taxes there would be no public schools, no fire department, no police department, no sanitation no trash pick up, no water gas electricity etc.

But, on another hand, property taxes seem a little bit annoying. For example let us say that I buy a $3 million home, in all cash, you don’t really own the land, you’re just borrowing it from the government. And also, let us say that you own a $3 million home, the property taxes on it might be close to $4000 USD a month, forever, into perpetuity, money that just vanishes into thin air, that doesn’t go anywhere doesn’t go into you.

Why taxes are annoying

For the most part, I have zero qualms about taxes. I’m very happy to pay my taxes, and to the best of my knowledge and extent, I always report my taxes to the best of my own personal ability, striving to do my taxes in such a way that I am being honest. Which means,

When in doubt, better to overpay taxes than underpay

I don’t know… Am I the only person that I know with American pride? I think there is a connection between having pride, national pride, and having pride and paying your taxes?

I also suppose the difference for me at least is that I was born here. If you were born in a different country and came here, as a refugee, an orphan of war, other bad situations, certainly your gratitude is going to be different. Or if your ancestors came here on the slave ship.

I suppose this is where being Korean American is so interesting, both my parents came here willingly, as willingful free immigrants, seeking a better future for themselves and for me, their future progeny.

Bitcoin will never have property tax

Or maintenance tax, or maintenance cost. There is almost close to zero liability to bitcoin. Whereas with the house, even let us say that you’re renting it or whatever, tenants, or often a liability. And additional labor.