4 ms·
Increased land or property taxes (while eliminating income taxes) might help. Make it undesirable to sit on large amounts or expensive property, reduce the pro
by mythrwy 7y ago
Increased land or property taxes (while eliminating income taxes) might help.
Make it undesirable to sit on large amounts or expensive property, reduce the propensity to resell for gain and put a stop the home ownership casino which in some ways looks like bitcoin speculation over the past two decades.
Give credit for primary residence (and or legit Ag or industrial use, but maybe collecting land taxes from industry is preferable to capital gains even.).
After these deductions tax like crazy for the privilege of squatting on what I think truly is, by nature, communal social property (land). That should dampen down the speculation and return prices to earth while encouraging primary single residence ownership.
Oh, and stop inflating financial bubbles that distort the price of a basic human need. For starters.