There's an effort underway by Florida's generation-long ruling political party to consider eliminating property taxes. Property taxes are relatively "progressive." That is, people with greater wealth generally own more property, or more expensive, highly-valued property, and therefore the tax represents less of an overall burden. Sales taxes are regressive in the sense that everyone pays the same amount, regardless of ability or proportion of overall net worth.
I have to wonder to what degree that climate impacts, including sea level rise, are placing pressure on future property values and motivating this effort. While much of Florida's population may migrate from the coast, the truly high-value properties are mostly located there. If retreat isn't properly planned and managed, it is likely to leave a landscape of derelict properties and a significantly diminished tax base.
I don't think there's a sales tax rate that could make up that lost revenue. While "no property tax" probably sounds as appealing as "no state income tax," it would have consequences. I would expect a serious degradation in government services, public education, public health (already a joke), regulation and oversight and so on. The goal with Republicans is never to improve government services, but to eliminate them. Eliminating their funding source goes a long way toward achieving that goal. Public safety, mainly law enforcement, would probably be spared from significant cuts, except in regions where Democrats may hold local sway. I'd expect those regions to be cut significantly. There will be all kinds of games played with how sales tax revenue is distributed.
A progressive state income tax would address many of these concerns, while simultaneously eliminating what can only be described as an "attractive nuisance," which helps draw 1,000 people a day to Florida, placing greater strain on its environment and infrastructure.
I'd say the idea of moving to a higher sales tax rate is a non-starter, but we're talking about a ruling party that hasn't been accountable to the electorate for a generation. Anything is possible.
Anyone considering moving to Florida would be very wise to reconsider their plans. We are a few short years away from chaos here.
Originally posted at Nice Marmot 13:16 Monday, 5 February 2024