Drew Stokesbary Profile picture
Husband to Ashley. Father to Jack & Eli. State Representative & Minority Floor Leader in #waleg. Securities lawyer at @StokesbaryPLLC. Alum of @DukeU & @NDLaw.
Jan 16, 2018 27 tweets 5 min read
<THREAD> I'm now hearing this meme that says property taxes are increasing because home value are increasing.

Guys. It's time for some game theory. Imagine, as economists are wont to do, a near-deserted island a la Robinson Crusoe.

Let's say three people live on the island: A, B, and C. A owns property worth $1000, B's property is worth $2000, and C's property is worth $3000.