Comment Re:Casino Noise (Score 1) 129
capitalism in which the cost of protecting property rights is paid for by taxing economic activity rather than the property rights themselves.
How do you tax property rights?
Have you ever owned property? It is quite simple and called property tax.
I wondered if that's what he was proposing, that all defense of property be funded by property taxes. Property tax isn't really a tax on property rights, though. And in any case property tax does end up being a tax on economic activity also, or at least on economic value, which is determined by economic activity. So I don't see the point.