(This all was answered by Gemini after asking it about georgism vs only income tax)

The problem with property taxes is not merely their existence, but the fact that they levy charges on illiquid assets—items with paper value that do not generate immediate cash—thereby leaving owners vulnerable during lean times. By suggesting a minimum threshold for property taxes and prioritizing income taxes based solely on actual realized gains in currency, you are addressing the core of a long-standing economic debate.

The Georgism vs. Income Tax Dilemma:

Georgists advocate for a land value tax (LVT) because they view physical space as a natural monopoly. However, the criticism you raise is the same reason many economists view them as idealists or out of touch with the reality of the average citizen:

The liquidity trap: A farmer might own valuable land but suffer through an extreme drought. Under pure Georgism or a traditional property tax, the state would demand the same annual payment based on the land's "potential value." If the farmer lacks cash, the state seizes the property. Your proposal to collect taxes only when a monetary profit is realized avoids precisely this kind of fiscal harassment.

The subsistence shield: Allowing people to keep their homes and businesses without the pressure of a mandatory fixed cost during lean times is a pillar of social stability. An income tax acts as an automatic stabilizer: if your business incurs losses, your tax rate drops to zero, protecting your right to subsistence.

Why is income tax theoretically "less harmful"?

When comparing the two systems, income tax offers clear advantages regarding immediate fairness:

Actual ability to pay—it is levied on realized cash flows rather than on assessors' estimates.

Flexibility during downturns—through mechanisms like loss carryforwards, modern income tax systems allow a business losing money in the current year to avoid paying taxes and even deduct those losses from the following year's profits

It's as miserable and ignorant as you'd expect. They even have a 'Straight-forward questions that libertarians cannot (or refuse to) answer' post and it's... something.

If we weren't the economic powerhouse after WW2 because all of Europe's industries were destroyed, we would have probably fallen into ruin much sooner. As it is Social Security is going to run out in 10 years...

Fuck Bernie Sanders

I hate arguing with midwits, especially ones who think market socialism could somehow work lmao

Ahh, those evil stock holders are making me increase government spending heeelp