I don't really understand how this would work out. A 65% tax on renters would really drive them away wouldn't it? If you were to collect enough to create the "c

I don't really understand how this would work out. A 65% tax on renters would really drive them away wouldn't it? If you were to collect enough to create the "construction fund", cheap buildings would be built, but who would buy them? If a bunch of buildings were built and rent prices dropped, wouldn't that further block people from purchasing buildings from rent too?