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While this is true, I would be curious of the overall economic impact. A business owner can have a successful business but they aren't really making tremendous
by raiyu 7y ago
While this is true, I would be curious of the overall economic impact.
A business owner can have a successful business but they aren't really making tremendous profit, so how much of that money really remains in the local community.
The other aspect is also that real estate taxes need to be increased, which is the best way to ensure that funds inside a community stay there.
This way as more work moves remotely, through real estate taxes the local communities are still able to thrive.
I'm not disagreeing with what you are saying, but it isn't so black and white.
- viklove 7y ago> While this is true, I would be curious of the overall economic impact. Where have you been for the past decade? The economic impact is increasingly concentrated levels of wealth, where a handful of people are vacuuming up pretty much all of the wealth in America. The middle class (local business owners) is shrinking, the labour/wage worker class is growing, and the ultra-wealthy are getting richer. > The other aspect is also that real estate taxes need to be increased No, this also affects local businesses, who do not have the profit margins needed to survive. You need to find a way to limit the power big corporations have, while not hurting small/local business owners. A VAT tax is likely a much better solution to this problem. Increasing real estate taxes is one way to ensure only big corporations with extensive logistics networks and high profit margins, that pay their laborers minimum wage would be able to survive. The point is to prioritize people over corporations, and your solution misses that completely.