Property Taxes, Generating 73% of Local Revenue, Hailed as 'Best Tax' by Jeremy Kauffman Due to Public Dislike

Jeremy Kauffman, founder of the decentralized content platform LBRY and Odysee, recently ignited debate with a provocative statement on social media regarding property taxes. On July 16, 2025, Kauffman asserted that the widespread public aversion to these levies is precisely what makes them the most effective form of taxation. His remarks challenge conventional perceptions of tax policy and public finance, drawing attention to the relationship between public sentiment and governmental accountability.

Kauffman, a prominent figure known for his libertarian views, stated in his tweet, > "People absolutely hate property taxes, which is why they're the best tax. A tax people don't mind is especially dangerous." This perspective aligns with a philosophy that views transparency and direct accountability as paramount in government. His company, LBRY, has been a vocal advocate for free speech in digital spaces, often navigating complex legal and regulatory landscapes.

Property taxes are a cornerstone of local government funding in the United States, accounting for approximately 73% of all local tax revenue. Proponents argue they are economically efficient, stable, and directly link to the benefits property owners receive from local services such as schools, roads, and public safety. Economists often highlight their pro-growth nature compared to income or sales taxes, as they are less likely to distort broader economic decisions.

Despite their fiscal importance, property taxes are consistently among the most unpopular taxes, often criticized for their perceived unfairness. Critics point to issues like taxing "unrealized capital gains" when property values rise without a corresponding increase in income, potentially forcing long-time residents, especially those on fixed incomes, out of their homes. Concerns about inequitable burdens and the feeling that property owners never truly "own" their land due to perpetual tax obligations are also frequently raised.

Kauffman's assertion that a "dangerous" tax is one people "don't mind" suggests that public discontent serves as a vital check on government spending and overreach. This viewpoint implies that the transparency and direct impact of property taxes, which make them unpopular, simultaneously ensure greater accountability from local authorities. The ongoing debate surrounding property taxation underscores the tension between revenue generation, economic efficiency, and public acceptance in fiscal policy.