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by PhantomGremlin 2806 days ago
if you own something of significant worth like $10 million worth of hard drives in a large pile, you owe the government "property tax" every month for owning that property.

If you're Intel, you potentially owe "property tax" every month on all the equipment in multi-billion dollar fabs. That's why those fabs only get built in states where the tax doesn't apply or where the state/county agrees to forego it.