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Isn't it just a question of tuning the dials for taxation levels? A billionaire values my home at $10 million when I value it at $1m, I need to sell it to them
by patja 8y ago
Isn't it just a question of tuning the dials for taxation levels? A billionaire values my home at $10 million when I value it at $1m, I need to sell it to them at $1m but then to protect it they need to pay taxes on a $10m valuation. So just set the taxes such that it makes it a net positive to society with the billionaires paying for state-funded housing (and other services...job training, language and culture courses for immigrants, etc.) as the cost of scooping up land. They get no free lunch.
- nradov 8y agoOr we could just raise taxes on billionaires directly instead of imposing this convoluted nonsense.