It seems to me that your argument against taxing billionaires reduces to “we shouldn’t tax them because if the commoners have more money then residential housin

It seems to me that your argument against taxing billionaires reduces to “we shouldn’t tax them because if the commoners have more money then residential housing will be more expensive.” I would argue that is more indicative of issues in the housing market rather than a good reason to continue to allow the extreme aggregation of wealth. The sharp rise in housing costs in the past two years in some areas is down to complex confluence of factors, real income being one, artificial scarcity being another, the entrance at scale of corporate interests into residential housing being a third. Add historically low interest rates and fears of flooding, lack of water, and fire, and I’m not sure the increase in prices is such a simple relationship as indicated. I’m also not suggesting we take the money and rain it down as stimulus checks. That was a desperate response —- we can do better.