Part 2/8:
According to Needle, the current tax system is inherently unfair and overly complex. He believes that we should focus on taxing land more heavily than labor. Concerning property taxes, he criticizes the outdated values upon which taxes are based, suggesting that even in a future scenario where society has advanced significantly, property bubbles would still be taxed based on valuations from 1991. Politicians avoid making necessary updates because they fear it could lead to political backlash.