The Mad Scientist Supreme
The Mad Scientist Supreme
Tax Revolution: What If YOU Set the Value of Your Own Land?
đ° âTax Revolution: What If YOU Set the Value of Your Own Land?â
đŻ Elevator Pitch
Iâm the Mad Scientist Supreme, and I believe property taxes are backwards. Right now, the government decides what your land is worth and taxes you on it â while paying you pennies if they seize it. My proposal flips the system: you declare your own land value, pay tax on that, and if someone wants it, they must buy it for double your declared price. No more eminent domain scams, no more lopsided valuations â just fairness and accountability.
đ Full Article
đ Why Property Taxes Are Broken
When you âownâ land, you donât really own it. Stop paying property taxes, and the government takes it back. Thatâs rent with extra steps. Worse, when they seize your land for a road or public project, they pay what they think itâs worth â not what you think. Eminent domain has robbed thousands of families at cut-rate valuations. Search âeminent domain unfair compensation casesâ or âSupreme Court Kelo v. City of New Londonâ to see how lopsided this system has been.
đĄ The Self-Assessment Model
Hereâs my proposal: you set the value of your own land. If you say your house is worth $200,000, you pay taxes on $200,000. Want to lower your taxes? Drop the value â but be careful. Anyone (the government, a developer, or a private buyer) can purchase your land for double your declared value, no negotiation. That keeps everyone honest. If you want to keep your home, youâll assess high. If youâre ready to sell, youâll assess low and let the market take you out.
đ Checks and Balances
Of course, rules prevent abuse. Maybe you can only raise or lower your declared value by 50% each year. That stops wild swings while keeping flexibility. If you inflate your land to $1 million hoping the government needs it for a road, youâll pay massive taxes while you wait â and they might build the road elsewhere. Suddenly, honesty has a real financial incentive. Search âland value tax Henry Georgeâ or âself-assessment property tax Hong Kongâ to see how economists have already explored similar models.
đ Why It Works Better for Everyone
Governments win: tax revenues go up because owners set realistic values. Citizens win: no more land theft by eminent domain, no more underpayment. Investors and absentee landlords can drop values until buyers swoop in, while real families secure their homes by paying fair, transparent rates. And for infrastructure? Roads get built based on clear, predictable costs, not lawsuits and seizures.
đ„ The End of Eminent Domain as We Know It
Imagine a system where youâre never blindsided, never cheated, and never at the mercy of a bureaucrat with a clipboard. Your land, your price, your choice. If someone wants it badly enough, theyâll pay double. If not, you keep it. Thatâs fairness. Thatâs freedom. And itâs how property taxes should have worked all along.
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This is the Mad Scientist Supreme, and I say itâs time to tax the land fairly â with power back in the hands of the people who live on it.