4 ms·

> The proposed tax hikes on mansions... They show an example of a "mansion" later in the article: a 4 bedroom, 3.5 bath house with two car garage. Without any

• grillvogel 11y ago
  in a dense city that is definitely a mansion
  • No1 11y ago
    No, it's just a 4-bedroom house. This is a mansion: http://sf.curbed.com/archives/2014/11/25/behind_the_hedges_and_inside_the_history_of_danielle_steels_spreckels_mansion.php http://sf.curbed.com/archives/2014/11/25/behind_the_hedges_a... But my point is more that they bill this sort of thing as getting the "1 Percent to Pay Up" when it really translates to "getting the 100% to pay up (given some time)."
• ZeroGravitas 11y ago
  You're right about inflation eventually eating away at any fixed tax bracket, but that's still a $5.5 million dollar home, whether it fits the semantic category of "mansion" or not in other ways. One side benefit of such taxes, is that housing is a positional good and so people will spend more and more just to "keep up with the joneses" and assert status. In theory taxes on such things are amongst the most efficient and have the least negative impact.