Property taxes: sovereign usury?

Zippy Catholic

Lots of folks have suggested that fiat currencies and fractional reserve banking create fake economic value out of nothing and are therefore, if not usury strictly speaking, somewhere in the moral vicinity of usury.  So far when this has come up in discussion it has turned out that critics of both don’t really understand either.  The former are options issued by the government which allow the bearer to settle tax liabilities; the ‘created money’ in the latter are options against the balance sheets of banks, denominated in the former.  There is nothing usurious going on and no creation of fake wealth except to the extent that the balance sheets of banks carry usurious (as opposed to nonrecourse) loans.  This should be at least mildly familiar territory to anyone who has read and understood the Usury FAQ.

But there is one kind of government activity that does bear close resemblance to usury:…

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