4 ms·
How about a vacancy tax?
by gutitout 5y ago
How about a vacancy tax?
- brink 5y agoHow about we stop trying to solve everything with more taxes? This kind of solution tends to hurt the less wealthy. The weight placed on the backs of the taxpayers is heavy enough.
- munk-a 5y agoVacancy taxes tend to only hit the wealthy. There are certainly regressive taxes we should examine (like sales tax on staple goods) but vacancy taxes tend to target high earners pretty effectively. Taxes are generally a good thing since they allow society to function well.
- nathanvanfleet 5y agoRicher people own more property than poor people. You're using an old saw that says taxation is worse for the poor but it's not. It's also simple to give breaks for purchases under x dollars or redemptions or for family homes that are occupied etc.
- pessimizer 5y ago> an old saw that says taxation is worse for the poor Is there one? Consumption taxes on are of course worse for the poor, but taxes on fiefdoms?
- HWR_14 5y agoVacancy taxes exclusively hurt the wealthy who aren't renting out their land. That should help the less wealthy who don't have idle land.
- triceratops 5y agoAre there a lot of poor people leaving property they own vacant?
- cool_dude85 5y agoSure, there are a bunch of corporate people who live in PO boxes in Delaware or Wyoming with no income who own vacant properties. Wouldn't want to burden those poor folks.
- myth_drannon 5y agoDidn't work in Vancouver. Adding extra ~1% percentage tax is peanuts for the opportunity to park your money in safe heaven country.
- Avshalom 5y agoThere are numbers larger than 1.
- turminal 5y agoProve it!
- Red_Leaves_Flyy 5y ago2.
- 908B64B197 5y agoThat's because no properties are empty. The owner's nephew, a Canadian Citizen thanks to birth tourism, has the condo his uncle bought registered as his residence.
- lukifer 5y agoConverting property taxes to being calculated from unimproved value [0] accomplishes the same goal, while also removing disincentives on development and improvement. [0] https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax