If you have to pay a regular fee to maintain control and use of a home or other parcel of property, do you really own it? Or are you just renting it from whoever collects the money? That's the question behind a growing movement against property taxes, which is winning support across the country and may see its next big test in the form of a proposed constitutional amendment on the Florida ballot that would significantly trim taxes on owner-occupied homes.

'Property Is the Foundation of Liberty'—and a Big Source of Tax Revenue

Advocates of reform understandably champion the inviolability of private property, which is threatened by continuously rising levies. Opponents predictably include people who fear reduced government revenues, but also those who worry that cutting property taxes will shift power to state governments at the cost of local autonomy.

"Property is the foundation of liberty," argues economist Vance Ginn. "It represents the right to the product of voluntary exchange, investment, and saving—not a privilege granted by government. To tax property again every year after it has been bought with after-tax income is to deny genuine ownership. Property taxes operate like an annual wealth tax or unrealized capital-gains tax, applied regardless of income or ability to pay."

Opposing Ginn's argument in the debate is the Tax Foundation's Jared Walczak, who is not so much a fan of property taxes as a believer that they suck less than the alternatives.

"Spending restraint can reduce property tax burdens," argues Walczak. "But with property taxes accounting for 70 percent of local tax collections nationwide and upwards of 90 percent in some states, any discussion of property tax elimination must grapple with revenue alternatives."

"It is axiomatic that whatever you tax, you get less of," he adds. "Taxing income means less income-producing labor and investment, for instance. But because land is an immobile asset, taxing property does less to distort market decisions than taxing income or even sales."

Walczak also points out that while property taxes are usually imposed by local governments, most alternatives to property taxes come at the state level. That would move power further up the political food chain, away from the property owners worrying about their tax bills.

To this, Ginn responds that governments at all levels cost more than they should and that "the moral and fiscal failure of property taxes lies not only in how the money is raised, but also in how much government spends."

That means the debate over property taxes isn't just a struggle between those who want to trim the state's take and those who prefer larger government, but also between anti-tax activists and their frequent allies among advocates of local power. In a piece this week on the groundswell against property taxes, Politico's Liam Dillon notes that "the uprising's most pitched battles are being fought in Red States where the issue has emerged as yet another dividing line on the right."

Localities Are Dependent on Taxing Property

The debate over property taxes is fierce partially because governments have come to rely so heavily on them. "In fiscal year 2023, property taxes comprised 28.9 percent of total state and local tax collections in the United States, more than any other source of tax revenue, despite being levied almost exclusively at the local (not state) level," Janelle Fritts wrote for the Tax Foundation.

Property taxes in the U.S. range from roughly half a percent to just under 2 percent of assessed home value. States that rely most heavily on them, like New Hampshire (1.5 percent in 2024) and Texas (1.4 percent in 2024), also tend to leave a lot of government responsibility in local hands that might be exercised at the state level elsewhere. It's worth noting that Cato's Freedom in the 50 States ranks New Hampshire as having the second least burdensome tax regime among states, with Texas in fourth place.

The lowest taxed states in property terms are Alabama (0.37 percent in 2024), Arizona (0.48 percent), Hawaii (0.29 percent), and Utah (0.48 percent). Some states, such as Illinois (1.88 percent in 2024) and New Jersey (also 1.88 percent), tax the hell out of many things to support large and intrusive governments. Hawaii, despite low property taxes, is ranked as the most tax-burdened state by Cato.

As mentioned above, economists tend to like property taxes because they are efficient, minimally distort economic decisions, and empower localities relative to state and federal authorities. But as Politico's Dillon emphasizes, "everyone who is not an economist seems to hate property taxes."

Homeowners Don't Like the Insecurity That Comes With Property Tax Bills

Property taxes rise with assessed property valuations that homeowners have no control over, as the market shifts with supply and demand. They require what feels an awful lot like an annual rent payment to keep a roof over people's heads many already paid for. That reduces the sense of security that owners feel in their homes, since their habitation remains conditional on meeting local authorities' demands. The bite of sales taxes can be reduced by buying less, and income taxes are dependent on earning paychecks, but property taxes (with some local exceptions) come due no matter what.

Soaring property valuations in recent years drove property tax bills higher for Americans who did nothing but remain at their established addresses, though localities can and sometimes do adjust tax rates to offset rising values. USA Today reported that "between 2019 and 2023, the median value of annual property taxes increased nearly 25%." That has energized the movement to cut or abolish the taxes.

Efforts to reform property taxes have been effective in more than a dozen states, according to Governing. Most of these efforts involved reducing taxes, though eyes are currently on Florida where Amendment 3, a proposed change to the state constitution, would incrementally raise the homestead exemption to $250,000. It also would require "the Legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value," effectively abolishing property taxes on owner-occupied dwellings.

As a constitutional amendment, the measure requires 60 percent of votes to pass. Polling shows more support than opposition, but not necessarily at the supermajority level necessary for victory.

According to the Tax Foundation, in Florida, "the statewide average sales tax rate would have to rise from 7.02 to 15.34 percent to replace the property tax" with equivalent revenue. Rates could widely vary if localities implemented sales taxes instead of leaving them to the state.

Of course, that assumes state and local governments continue spending and providing services at the same level. But as economist Ginn points out, the problem lies not only in how property taxes raise money "but also in how much government spends." If the property tax revolt represents revulsion not just at the tax, but at the expense of large government, that may require less revenue to fund a smaller Leviathan.

The post Grassroots Revolt Targets Unpopular Property Taxes appeared first on Reason Magazine.

Last week, not only did Oregon's restrictive gun laws fail to stop a shooter intent on killing innocent people, but a passing good Samaritan had to violate those laws to end the murder spree. Fortunately, authorities don't appear intent on prosecuting Kaylub Giamanco, father to two girls who attend the school, for ignoring the ban on guns on school grounds to save lives. But the law is clearly more of a threat to people with good intent than it is to those bent on doing harm. Such laws should and must be defied, but lawmakers need to remove these legal minefields before they do more damage.

A Hero Dad With a Gun Stops a Murder Spree

"I want to start by thanking and praising the quick thinking and courage of the Silver Rail Elementary School staff and parents—and the first responders who rushed to the scene," Oregon Gov. Tina Kotek commented in a press release after the attack by a 16-year-old shooter at Silver Rail Elementary School in Bend, Oregon. "And to the community member who heroically intervened to stop further loss of life, your actions carry a heavy emotional burden—and my thoughts are with you."

That community member was Kaylub Giamanco, who had two daughters at the school. He was reportedly driving past when he saw the shooter approaching Silver Rail with a shotgun in hand. Giamanco parked his vehicle, grabbed his firearm, and followed the shooter, who had blasted his way through the facility's locked doors.

The shooter murdered four people, but Giamanco was able to kill him before he did any more damage. In the incident, the murderer obviously violated the law. But so did Giamanco.

Restrictive Laws That Had To Be Ignored

"Oregon gun laws are rated as the 12th strictest in the nation according to data collected by gun violence prevention group Everytown for Gun Safety, but they didn't stop the shooting of four elementary school children and two teachers at a Bend elementary school on Thursday," wrote Lillian Mongeau Hughes of The Oregonian. (Reports say three children and a teacher were murdered, with two others injured.)

The gun-control group Everytown for Gun Safety boasts that "Oregon has passed a broad range of gun safety laws in recent years, including a requirement that guns be securely stored whenever they are not in their owner's immediate control, a prohibition on guns at the state capitol, and a law that gives universities the authority to prohibit guns on their grounds."

The similarly restriction-oriented Giffords Law Center to Prevent Gun Violence gives Oregon an A- for its laws, ranking the state 11th out of 50. The group notes that the state "allowed local governments to limit firearms in government buildings."

Of specific interest in this case, the state adopted a law in 2021 that, among other things, says "the governing board of a community college or a district school board" may adopt policies banning guns on school grounds, even for those "licensed to carry a concealed handgun."

Importantly, the Bend–La Pine Schools, which include Silver Rail, mandate that "no person on grounds of the schools controlled by the Board of Directors for Bend–La Pine Schools (including in school buildings) shall bring to, possess, conceal or use a weapon or firearm at any property under the jurisdiction of Bend-La Pine Schools, any activities under the jurisdiction of the district, or any interscholastic activities administered by a voluntary organization (i.e., Oregon School Activities Association). This prohibition includes those who may otherwise be permitted by law to carry such weapons or firearms."

The prohibition applies to the Silver Rail murderer, though it was unlikely to be a concern to a person already intent on slaughter. It also applies to Giamanco, who stopped the attack and who must now—probably successfully, given the case's high profile—rely on the authorities to not enforce their own laws.

A Long History of Defensive Use of Firearms

Giamanco is by no means alone in taking the initiative to stop an attack. I've written in the past about Jordan Salinas and others in the Twin Falls incident, as well as Elisjsha Dicken at the Greenwood Park Mall in Indiana. The actions of bystanders are crucial given the evidence that would-be mass murderers must be countered with defensive force within the first 30 seconds to avoid a double-digit body count.

There were 634 active attacks in the United States between 2000 and 2025, according to the Advanced Law Enforcement Rapid Response Training (ALERRT) Center at Texas State University. ALERRT defines an "active attack" as an incident in which "an individual or individuals is actively killing or attempting to kill multiple unrelated people in a public space." Of those, 374 were resolved before police arrived, with 29 concluded by civilians shooting the perpetrator and another 60 attackers otherwise subdued by civilians.

That's certainly not a full count of actions by armed citizens to defend themselves and others. The 2026 National Firearms Survey finds that "guns are used defensively by firearms owners in approximately 2.2 million incidents per year. In most defensive incidents no shot was fired (76.3%), about half (50.8%) involved more than one assailant, and in 70.6% of incidents respondents report that the defensive use was successful, such that no crime remained to be reported to the police."

Undoubtedly, many of those incidents aren't reported to the police because people who have just averted a threat to themselves or others don't want to get entangled with a legal system that is all too often hostile to self defense. If all has ended well, why risk arrest for violating a law that would have prevented you from defending yourself or that you may not even have known about?

As The Oregonian points out, Oregon's "strong laws" didn't stop the shooting. Those laws ban murder, of course. They also specify that "guns be locked, stored in gun safes or in specialized gun rooms as a way to keep children from accessing firearms," according to the report. "Police have not said if those laws were violated." They also ban guns on the grounds of schools with restrictive policies.

Authoritarian Laws Don't Deter Evil and Should Be Defied

The thing about criminals, though, is that they don't obey laws. That's especially true of those who plan murder sprees they don't intend to survive. The consequences the perpetrators anticipate involve death, and if that's not a deterrent, the potential prosecution of their moldering corpses holds little weight.

Unfortunately, legal peril can be a deterrent to good people who intend no harm. The threat of authoritarian laws and malicious prosecutors who enjoy state protection could convince some people to leave the means of self defense at home. Fortunately, Kaylub Giamanco wasn't one of them.

Giamanco's example at Silver Rail Elementary School is one to be emulated. If we're to protect ourselves, our children, and our neighbors, we have a right and a duty to defy laws that seek to disarm us and put us at the mercy of human predators. But we shouldn't have to suffer the threat of such laws to exercise our natural self-defense rights. Given the inability of weapons restrictions to deter crime and the harm they pose for good people, government officials need to eliminate these embarrassing restrictions and get out of our way.

The post Hero Oregon Dad Showed the Importance of Defying Restrictive Gun Laws appeared first on Reason Magazine.

This week, the Trump administration announced it's expanding its stake in semiconductor manufacturer GlobalFoundries. This brings the government's share of the company to over $2 billion, according to President Donald Trump, and it's only one of roughly three dozen companies in which this White House has acquired a piece of the action. This is a disturbing development for Americans who favor free enterprise and don't want the government to control the means of production.

While it may be a while before the opportunity arises to roll back state intervention in the economy, given the drift of both major parties away from faith in the marketplace, the Cato Institute has launched a project to get the process started.

$2 Billion Government Stake in One of 35 Once-Private Firms

"The U.S. Department of Commerce will receive equity in GF of approximately four percent, further enabling the American public to share in GF's growth," GlobalFoundries announced Monday in a press release about a U.S.–Japanese initiative to open two new semiconductor manufacturing facilities.

"This brings our total Investments to 1.63 Billion Dollars, and now, the U.S. Government's stake is worth over 2 Billion Dollars," Trump confirmed on Truth Social.

The announcement's triumphant tone isn't necessarily shared by people who wonder what the government's ownership stake in one company will do to regulation and investment in the industry. Will fully private firms challenging a state-backed player experience an even playing field?

In a July CNBC survey of 1,000 U.S. voters, 49 percent of respondents said it is "not appropriate for the federal government to own a portion of a U.S.-based company." Nineteen percent considered it appropriate, and 32 percent had no opinion.

"Washington's expanding involvement in the businesses it regulates threatens the competition and innovation that underpin American prosperity," warns the Cato Institute's Tad DeHaven on the launch of the Restoring Free Enterprise project. "Our project will examine the consequences of that involvement and chart a path toward getting Washington out of the boardroom."

Restoring Free Enterprise's Government Ownership Dashboard shows the U.S. government owning shares in 35 companies. The recent deal with GlobalFoundries comes on top of an earlier equity stake, giving the government 7 percent ownership of the firm. Other big deals include an 8.4 percent stake in Intel, a claim on 20 percent of distributions above $17.5 billion in Westinghouse, and an arrangement granting the U.S. government the right to appoint a director for U.S. Steel and to veto decisions over matters including investment and production.

Why might this be a problem?

When Government Enters the Market, Competition Is Undermined and Decisions Politicized

In an analysis for the Center for Strategic and International Studies, Sujai Shivakumar, Charles Wessner, and Christina Tutino cautioned that direct government ownership could create "conflicts between the role of the government as an investor in a particular company and its role as a regulator (e.g., regarding export controls) of firms across the wider industry." They added that preferential treatment for state-linked forms could "distort competition, stifle innovation, and potentially lead to monopolies or market concentration in strategic sectors."

"Once government crosses the line into equity ownership, the game changes," agreed economist Vance Ginn in a 2025 piece for the American Institute for Economic Research. "It's no longer about setting fair rules of the road—it's about Washington joining the race as a participant. That undermines competition, politicizes corporate decisions, and exposes taxpayers to risks they never agreed to take."

Basically, when the government gets involved in any industry, it complicates matters for the companies in which shares are held, for competitors who must worry that regulators will put their thumbs on the scale to help favored firms, and for the market in general. Overall, government interference of any sort in market transactions does more harm than good, and direct ownership makes things even worse.

"Federal rate controls, excessive taxes, barriers to restructuring, and rigid labor rules weakened private railroads in the mid-20th century, just as automobiles, buses, trucks, and airlines were intensifying competition," Cato's Chris Edwards points out in a case study for the Restoring Free Enterprise Project. Congress then created Amtrak to maintain the passenger train service its red tape had helped strangle, but despite plans for the railroad to be self-sufficient, "it has never earned a profit and has received tens of billions of dollars in subsidies."

Proposals for Reform, but Is Anybody in D.C. Interested?

The project acknowledges the Trump administration's intention to encourage U.S. manufacturing and to meet strategic defense goals. But it points out that private, profit-seeking firms are what made the U.S. prosperous and dominant in so many fields to begin with. The government should get out of the way of the market if it wants the country to continue to thrive.

As alternatives to state ownership of companies, Restoring Free Enterprise proposes permitting and regulatory reforms that "shorten reviews, remove unnecessary requirements, reform the Jones Act, and recognize out-of-state licenses" for workers. The project also recommends free trade agreements that reduce barriers to international commerce, the removal of export and procurement barriers, tax reforms involving expensing, and immigration reforms that simplify processing and make it easier for foreign-born college graduates to remain in the U.S.

The obstacles to implementing these reforms are substantial. The administration, while criticizing the Democratic Party's growing affection for socialism, itself embraces government ownership of companies, mercantilism, and heavy state intervention in economic decisions and activities. The Democratic Party has long been less market-oriented than the Republicans, and despite the GOP's transformation, a growing share of Democrats are openly socialist advocates for state control.

"American political leaders on the left and right are rebelling against the market-first consensus that dominated Washington for four decades," concluded Axios's Courtenay Brown and Neil Irwin in July. "It's evident in everything from the Trump administration taking government stakes in dozens of private companies to socialist candidates winning Democratic primaries promising a more active government role in the economy."

U.S. politicians are happily adopting damaging policies that are at odds with the country's prosperity-building tradition of free markets. The Restoring Free Enterprise project would reverse that unfortunate trend, but it's not obvious that many people in D.C. are interested in joining the fight.

The post As D.C. Embraces State Economic Control, a Hopeful Project Seeks to Restore Free Enterprise appeared first on Reason Magazine.

Is a college educations worth the hassle and expense? Amid concerns over soaring tuition costs and campus political intolerance, a growing share of Americans aren't convinced that higher education is worthwhile. Academics themselves—the honest ones, anyway—acknowledge that they've squandered a lot of goodwill over the years. Fortunately, it's still possible to get an education that justifies the time and money—though the path doesn't necessarily go through college.

High Costs and Political Bias Sour Americans on College

"Three in 10 Americans (31%) think a college education is 'very important,' four percentage points below last year's reading, the previous low among the seven times Gallup has asked this question since 1978," the polling firm reported earlier this month. "As recently as 2013, more than twice as many U.S. adults (70%) said college was very important." Gallup adds that "the percentage of U.S. adults who say a college education is 'not too important' has risen from 6% in 2013 to 29% today, while the percentage saying it is 'fairly important' has increased from 23% to 39%."

Higher education plummeted in public esteem for more than one reason. For years, Americans have voiced concern about rising costs and political intolerance on campuses. Last year, even as a Vanderbilt University poll found a slight rebound in favorability toward colleges and universities, the authors noted that "Americans across the political spectrum still are deeply concerned about the affordability of higher education" and "many Americans see political bias in higher education as a serious problem."

The problem was underlined this year when some colleges broke the $100,000 mark in annual costs. "Today, a bachelor's degree at some of America's top schools can cost upward of nearly half a million dollars over four years," reported Business Insider. "And the trend doesn't seem to be slowing down."

Almost at the same time, Vanderbilt released a report warning "there are several worrying tendencies in contemporary academic scholarship in the humanities and social sciences, all of which reflect, to varying degrees, a distinctive form of politicization in which the scholarly enterprise is taken to be subordinate to, or in the service of, political (social or moral) goals beyond the advancement of knowledge and understanding." The goals of this politicization, the study added, "are generally though not exclusively associated with the progressive left."

Unsurprisingly, many Americans balk at paying through the nose so they (or their kids) can spend four years at woke camp. That trepidation undoubtedly contributes to declining college applications at a time when the applicant pool is already shrinking. Many students who do apply to college are applying very modern filters to the schools they'll consider.

"The median student is willing to pay up to $2,617 (12.5%) more to attend a college where the share of students with opposing political views is 10 percentage points lower, suggesting that political identity plays a meaningful role in the college choice process," found a 2025 study from the Annenberg Institute at Brown University which documented "a steady increase in political sorting across American colleges."

This month, a survey from Art & Science Group, a higher education consultancy, found that among college applicants, "the share ruling out colleges solely because of politics in a state rose from 24% in 2023 to 31% in winter 2026 and 34% in summer 2026."

Employers haven't stopped hiring from prestigious colleges and universities. But the definition of "elite" has changed, with some firms leery of traditional Ivy Leagues and preferring southern schools where costs are lower and ideological tolerance still has a place.

College Still Offers Value for Those Who Choose Wisely

Higher education can still be worthwhile for students who apply due diligence to their selection of schools and fields of study. College offers a good return on the investment of time and money for those who choose wisely.

According to the Education Data Initiative, "an average bachelor's degree has a 560.53% lifetime return on investment with a median lifetime return up to 1,040.14%." But not all degrees are equal. "The most cost-efficient bachelor's degree is in management information systems and statistics, with a lifetime ROI of 1,758.59%," while "a Bachelor of Psychology offers the lowest lifetime ROI at -122.78%, representing a $54,188 loss in degree-based earnings (compared to median earnings with a high school diploma)."

The 10 bachelor's degrees with the highest lifetime earnings are an assortment of engineering disciplines, management information systems and statistics, accounting, finance, economics, mathematics, and the like. But return on investment also depends heavily on the cost of the degree; it's more difficult to get your money's worth when you pay top dollar.

Importantly, science, technology, engineering, and mathematics fields are also the academic disciplines with the least lopsided political balance among professors.

Trade Schools Rise as Employer Demand for College Degrees Falls

But college is not the only choice for young Americans planning their futures. According to a 2025 Harris survey for the American Staffing Association, more Americans now recommend that graduating high school seniors go to trade school (33 percent) than recommend college (28 percent).

Trade schools cost a fraction of what four-year colleges cost. And they satisfy a growing demand for skilled workers.

"Of the 124 skilled trades occupations, 86 are projected to grow or hold steady, and more than 600,000 net new positions are projected through 2035," the Alliance for Skilled Trades, a coalition of companies that depend on trades people, notes in a recent report. "Employers will need to fill about 1.7 million openings each year."

Note that new positions are opening even as the population of job-market entrants shrinks.

And employers increasingly value experience and in-house training over college degrees of dubious value. Last year, a quarter of employers reported that they were eliminating requirements for bachelor's degrees among new hires.

Higher education still has a role to play. But "education" doesn't have to mean four years of high tuition. It can be a certification program or trade school that launches graduates into a productive life.

After decades of being the default path for many Americans, colleges and universities have alienated people with high prices and intolerant ideological environments. They still have a lot to offer, but now they have to compete with alternatives for the time and money of a skeptical public.

The post College Still Has a Future, but It's No Longer the Default Choice appeared first on Reason Magazine.