12 ms·
do the people moving there not pay taxes, work there, and raise kids also? I think I'm missing the point. It's simple to solve it by making foreigners pay much
by stjohnswarts 4y ago
do the people moving there not pay taxes, work there, and raise kids also? I think I'm missing the point. It's simple to solve it by making foreigners pay much higher annual taxes on the privilege to live there and capping real estate prices for locals vs foreigners. Prevent foreigners from actually being able to buy real estate. Then everyone wins.
- petre 4y agoNot really, they're either retired or buying property to park money, like the rich Chinese are doing in Vancouver and Auckland. The issue is that they already bought real estate and drove the prices up, so now is the perfect time to extract taxes from them. The Lisbon downtown is cruise ship territory anyhow, I fully understand why a group of youths was protesting against (those kind of) tourists. They treat every city like it's a theme park.