This is an absolutely horrible idea. As Raoul Pal always says: "Capital will find a way. It always does.". Let's take a look at some examples with real estate:

This is an absolutely horrible idea. As Raoul Pal always says: "Capital will find a way. It always does.". Let's take a look at some examples with real estate: George owns a flat, he lives in it. He owns no other properties and he works a low-wage job What will happen? He'll pay the 2.5% for a while then he'll be forced to sell. Jane owns 5 houses and lives in one. She doesn't have a job, he lives off of the rent payments. What will happen? Jane will raise the prices by 2.5% every year. Plot twist: George is now renting from Jane. Since George works a low-wage job he'll have to move out after a few years to an even smaller apartment, and at some point he'll be practically homeless. The same is true for companies. They'll just raise the prices by 2.5% creating a price inflation that will hit __everybody__ who doesn't have a company or real estate. Real life example: where I live there is a government program that will let certain kinds of people (newly wed couples) to get their VAT back from buying a house. What happened to the market? Real estate prices went up by 5% and everybody who is not in this bracket now suffers.