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If, on the other hand, you got a tax break for living in the high-cost Bay Area, then you could buy a house to build a lot of wealth and sell it later to retire

If, on the other hand, you got a tax break for living in the high-cost Bay Area, then you could buy a house to build a lot of wealth and sell it later to retire someplace cheaper. Not exactly fair to people who live where salaries are lower. The proper way to make things fair is to tax landlords on the land value [1] of their properties. They are the ones pulling in all the unearned income in high cost areas. [1] https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax

aaomidi 7y ago
Yes please. Federal property tax.
avocado4 7y ago
> The proper way to make things fair is to tax landlords on the land value of their properties. They are the ones pulling in all the unearned income in high cost areas. Bernie owns 3 houses, he will never support land value tax. Almost all progressive Berniecrats in Bay Area are NIMBYs [1]. Bernie is right about healthcare, but he is wrong about virtually everything else, in my opinion. [1] https://sf.curbed.com/2020/2/20/21122662/san-francisco-bay-area-nimbys-history-nimby-development https://sf.curbed.com/2020/2/20/21122662/san-francisco-bay-a...