5 ms·

The people who buy these properties are often looking to put their money somewhere safe from government seizure (i.e. 100% tax). A tax is not going to be much o

The people who buy these properties are often looking to put their money somewhere safe from government seizure (i.e. 100% tax). A tax is not going to be much of a deterrent unless it is really very big.

asvitkine 5y ago
Funds from the tax could be used to incentivize new construction.
eru 5y ago
As the sibling comment said: that's a good problem to have. Taxes give you a behaviour change and revenue. If the behaviour doesn't change, you can jack them up to get more revenue.