Second people who don't actually own any property -- Renters of all kinds, the cost of property taxes on the occupied property are passed on.
Yes, and that's why taxes on businesses don't work, either. They end up getting passed on as a glorified sales tax, and the people at the bottom pay all of it, while the people who own the business don't pay any of it.
The retired -- never mind retired folks that still live at home probably consume the least in terms of local public resources they stuck paying the taxes even without the income to support it.
Most sane property tax laws have limitations on valuation that kick in when you hit 65, precisely to ensure that seniors don't lose their homes.
No property taxes are pretty much bullshit. The only fair taxes are consumption based taxes.
See, that's where you lost me. Most participation in our economy is not in the form of sales, but rather the exchange of services for work, stock and bond exchanges, etc. And yes, I see that you plan to treat stocks as sales. The problem is, taxing sales regardless of whether you make or lose money causes people to hold securities longer and decreases speculation, which results in stocks having less liquidity, and basically breaks the market.
IMO, we should instead treat capital gains as ordinary income, with a small exemption sufficient to cover saving money for retirement. Because you only take the hit when you actually gain money, such a scheme is much less likely to significantly depress the stock market. Also, by making the taxation be proportional to your gains, you have the advantage of making the people who have the most money pay the most in taxes. By contrast, your scheme will lead to exactly the same sorts of abuse that we've seen with California's prop 13—businesses buy property and hold it forever, leasing it rather than selling it, to ensure that they never pay any taxes. The people with the most money end up paying the least in taxes, and the people at the bottom end up paying the most.