The founders knew...owners of the community's wealth (and jobs) producing assets should pay all taxes. There was no income tax. We need to TAX ASSETS, NOT INCOME. One tax on assets, and a greatly downsized IRS. You can't hide 5000 acres offshore.
Income tax discourages business. Taxing assets (land, franchises,
monopolies) creates incentives to produce wealth / jobs or lose control
through taxation. Wealth creators flourish as speculators pay the price of hoarding assets that create bubbles. As market crashes disappear, real estate construction explodes as owners earn TAX FREE income. Unemployment goes to ZERO.
Upgrading assets saves our green spaces. Producers flourish, speculators disappear...a "middle way" progressives AND conservatives both love.