I have an honors minor in medical humanities and took several medical policy courses. We looked at this exact graph from previous years as well as several other huge sets of data/graphs/studies and anything else related to insurance you can imagine. Insurance is not a standard market commodity and does not follow the same trend or logic. The only way you can lower premiums in insurance is by reducing the risk in the pool, or increasing the pool size to dilute the risk. This is either increasing the total pool size by increasing premiums, getting more people, or being selective about who joins the risk pool. The third one was what was called “preexisting conditions” and kept high cost people from entering the risk pool and draining the funds. This got banned and increased premiums. By increasing competition you end up splitting up the pools, making everyone’s premiums go up. This happened multiple times post ACA after the GOP started stripping out the funding and safeguards to prevent this. More and more competition opened up with artificially low premiums being subsidized by federal dollars, but then when the subsidies ended the premiums started jumping. Then when the premiums were jumping, new companies opened up to make more competition advertising lower rates, but then further fractured to pool sizes, leading to premiums skyrocketing. If you look back just 10 years ago there was a 3-5 year stretch of premiums increasing almost 30% year after year. It was due to all the competition opening up every year. This is why single payer systems have the lowest rates. If you have even one private company monopoly with a regulated cap on profits you would still end up with lower premiums. Then, if this single paying company was nationalized to take out the profit making middle man, the premiums are that much lower because your risk is spread across a massive pool. More competition in insurance makes the problem worse. I would agree with your stronger regulation though. There is a lot that can be done there.

So true. I am from Houston and loved it. I know what you mean about people bitching about taxes no matter what. The oil and gas guys are the worst. They have million dollar town homes, jobs that bring in 250k or more, and then bitch about the sales tax being on their bar tabs that are over a thousand dollars. They will bitch about their city taxes going to nothing, but then when I bring up the port of Houston, all the amazing museums, Herman/memorial park, miller outdoor theater, any of the amazing parks really, or any of the other things Houston pays for- that doesn’t count because they don’t use it and they just want a city paid for frat house with free booze and prostitutes. Ahhhh, classic Houston O&G…

I am homesteaders and you are correct in your numbers. And to be transparent here, I am actually a disabled veteran and receive an even larger exemption than most people. The value can grow more than the capped 10% in a few ways. The first was from the first assessment after I bought it. I bought for 170k and yet it was immediately assessed for 210k. Now I am up to about 250k. No improvements. I will be happy to sell for 200k.

The second thing they can do that I discovered was this last time they tried to say it was worth more than that (before I got it down to the 250k it is now), and did even note that the capped “taxable” increase- essentially saying that they have pre-locked in +10% increases for the next so many rounds of assessments until the taxable value is even with the assessed value. I argued it down. The value is still inflated.

Now, my personal opinion? I’m actually not mad about paying for taxes. I enjoy the idea of everyone pitching in what they can afford and together we can build a better community, nation, and world. I just hate that my city is playing in the real-estate speculation game as a way to pump their budget and the taxes I pay are going to a bunch of bullshit. Fuck dallas.

I think there is a miscommunication between both comments here on ‘fair’. Here is what I interpreted-

Taxes are never fair in the sense that one poor person will put in a penny, one middle person will put in a dollar, and one rich person will put in 1.99 and they will each receive 1 dollar back in services. This was only fair to one person of the 3, beneficially unfair to one, and penalizing unfair to another. But by paying what each was ably to pay society as a whole has been invested in 3 more dollars and no person was asked to pay outside their means.

I am not taking sides in this, just conveying the thought that ‘fair’ taxes can have multiple meanings and not just automatically jump to flat taxes.

I am also a texas home owner. The issue I have is when my county assessor has found their own incentive to ride the housing bubble and claim my property (a 2/2 condo in dallas) has somehow gained +60% in value over 3 years so they can get far more tax out of me knowing fully well that it isn’t worth that much. And when I argue it down all I get it down to is “just” +50% in value, knowing fully well that I might actually get +30% at best, but realistically +20%.

The state is incentivized to pump land values for more tax revenues and it will only cause a stagnation down the road when the bubble pops. It is a short sighted money grab from the state and it fuels the bubble that much more. It is one of the multiple catch 22 factors to make a housing crash into a self fulfilling prophesy.