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People care about money. That's why raising the tax is the solution. These homes are investments. The homes are empty because the owners are living elsewhere, m
by prklmn 10y ago
People care about money. That's why raising the tax is the solution. These homes are investments. The homes are empty because the owners are living elsewhere, mostly China, and don't need the rental income. However, if you impose a 10% tax, the lure of value appreciation is much less powerful and it pushes owners to
a) not invest there in the first place
b) rent out the property
c) actually live there
- conanbatt 10y agoI honestly would find it very surprising that adding a tax has been the solution to anything ever in the history of mankind. Taxes are a cost of mantaining a government structure with a promise to yield benefits larger than the taxes it collects. Adding a tax just because is not a solution.