Originally Posted by
biscuit
If I take a bare piece of land and develop it so that it now has a motel on it. Well, fair enough, the Government takes a cut from here to eternity of the income that new asset produces. But the new value that has been created, why give a chunk of that to the buggars as well? It is the same as building up any business and creating value and income streams. Society and the Gorvenment benefits and can tax the income stream. But taxing people for creating wealth, I do not get.