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Are we living under capitalism or feudalism? It’s rather difficult to say when more than half a trillion dollars is extracted from the American people annually through property taxes just to keep what’s theirs.

CNS News reports the following disturbing information.

Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.

That was up $16,748,620,000—or about 3.2 percent—from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected in fiscal 2015.