TIL about harberger tax:
Every citizen and corporation would self-assess the value of assets they possess, pay a roughly 7 percent tax on these values, and is required to sell the assets to anyone willing to purchase them at this self-assessed price

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

I agree, this can only really work in specific use cases (I would hate to have to sell my house because I low-balled my harberger estimate 😬 ). However, this can totally be used in the crypto space IMO.

I don’t like the compulsion to sell. I agree that the scheme is clever, but I imagine a situation with my family home.

We pay reasonable property tax, but it would take a large number for me to sell. I would rather be assessed by an external party at a fair price and retain my right to refusal.