Generally, when someone forms a LLC for managing a property, they don't pass the ownership of the property to the LLC. The LLC manages the day-to-day of dealing

Generally, when someone forms a LLC for managing a property, they don't pass the ownership of the property to the LLC. The LLC manages the day-to-day of dealing with tenants, maintenance, communications. But ultimately the individual person still owns the property. I think there are ways we can draw the line. We can accept that some form of property ownership is fine, even if it means that one person owns multiple properties. For example, an older couple renting out their old home after they downsized. But there needs to be a progressive tax on additional properties. Something like that by the time you own 10 properties, each additional property costs you more in taxes annually than it can ever bring in (think 500k annual tax on a property valued at 500k.) Corporate property ownership we can treat two ways -- completely eliminate it, or similarly progressively tax it, but at a much harsher rate. Like, each additional property requires 2x the taxation of the previous one. And make any attempts to circumvent this very criminal and strict liability -- like 25y/life for the executive and board levels, and no arguing that it was some underling that did it.