4 ms·
Exactly. There should be a tax on vacancy. We've made the 1) mistake of turning a very special need like shelter into a commodity or security vehicle, and 2) th
by stainforth 4y ago
Exactly. There should be a tax on vacancy. We've made the 1) mistake of turning a very special need like shelter into a commodity or security vehicle, and 2) this commodity the owner can "hold-out" on in that makes it violate the principles of economics that we all supposedly agreed upon from above that the market is the most fair and best solution for people.
- ginja 4y agoWe already tax vacant property up to 12 times the regular tax when located in high demand areas[1] which includes all of Lisbon municipality. It's definitely had some effect as you see a lot less vacant property, but it unfortunately doesn't fix everything. [1]: https://dre.pt/dre/detalhe/decreto-lei/67-2019-122349221 https://dre.pt/dre/detalhe/decreto-lei/67-2019-122349221