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This gets complex quickly. What if the property is owned by a company, which in turn is owned by a foreign foundation? Does he actually own the property? Shoul
by charlesdm 8y ago
This gets complex quickly. What if the property is owned by a company, which in turn is owned by a foreign foundation?
Does he actually own the property? Should he be personally liable for that fine because he lives in the property? Should the fine be assessed on the property value?
Plenty of questions unanswered, that likely require legislation at various levels in government.
I'm not saying it's not a good idea, but this requires more work than some people are assuming. Khosla will be dead before any proper legislation without viable loopholes gets enacted.