Comment Re:The system could be made much more simple.... (Score 1) 1829
But you've forgotten one important thought in the heads of most of us U.S. citizens. It goes something like this...
I own my house. It's MINE. I DON'T HAVE TO SELL IT TO ANYONE FOR ANY PRICE. Even if that's inconvenient for those who would like to have it. Even if they have a lot of money. If you'd like my property, and I don't feel like selling, TOO FUCKING BAD.
What you're proposing says I have to pay taxes equivalent to whatever the highest bidder would pay, or I lost my home. So if I just want to stay in my house and not be bothered, I have to put a ridiculous price on my house just to prevent it from being sold to the highest bidder AND I have to pay the taxes for that valuation.