00:00:01.040 - 00:00:20.580

to exempt all structures and all personal property from local taxation, and to raise the same amount of revenue by a sufficient increase in the local property tax on land so that there would be the same amount of dollars derived but from land rather than structures and

00:00:20.580 - 00:00:39.120

personal property. And this would bring about the renewing of our cities. It would create more jobs. It would encourage businessmen to have inventories and two. It would encourage the slim owner to rejuvenate their property. It would encourage the painting and the building of additions to homes

00:00:39.120 - 00:00:52.290

to building of homes themselves. We got in my office six or more telephone calls every day, such as what would my taxes go up? If I put it in a concrete driveway or if I repaired the roof or if I repaired the termite damage. This is

00:00:52.290 - 00:01:04.310

the thing that, that most homeowners are terribly unhappy about that. If they spend a little money fixing up their house and making more livable livable, then the taxman comes along and gives it to them in the neck for doing this.