Excellent point
However, to change the tax regime would mean massive loss of revenue to municipalities which would mean that 100K a year garbage collector would be laid off.

Over the last 2 decades public sector wages and benefits have exploded. Politicians have to keep development going. If housing fails the entire structure of public sector entitlements is destroyed.
The impending loss of 1000's of 100k + a year jobs which are double what they should be will the talk of the next decade.