If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
This is why wealth tax is so elegant. It doesn’t matter if you own a bunch of houses personally, or you own shares of a company that own a bunch of houses, or you use the shares as collateral to borrow a bunch of money; your total wealth is the same. There is no way get around it :3
The real wealth are the NFTs we made along the way.
There is and there always will be as long as capitalist have the political control.
Wealth taxes are necessary, but with offshoring and hiding accounts, I’d say they’re bureaucratically complicated rather than elegant.
They’re elegant in terms of limiting wealth hoarding. It’s just like estate tax that’s already implemented. Anyway, good to have more government jobs too.