3 ms·
Yup - each city is free to change their tax structure (for residents and businesses) in a way that makes sense for them. Your city may decide it wants to drive
by ryanianian 9y ago
Yup - each city is free to change their tax structure (for residents and businesses) in a way that makes sense for them.
Your city may decide it wants to drive out rent-seekers by hugely taxing rental income or raising property taxes on rentals. This would effectively be a business tax. And the town next-door could decide it wants condo real-estate development to attract young urbanites, so it might notice your town's changes and offer tax-free rental income for N years. This allows each city to benefit their tax-base/residents the best.
- crdoconnor 9y agoI'm not exactly sure why cities having the 'freedom' to get played off against one another or to let rentiers suck wealth out of the system is such a good thing. I'd rather politicians didn't have the "freedom" to knuckle under pressure from plutocratic forces and just told large companies and rich individuals to go fuck themselves when they come around demanding handouts.