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Taxes on real estate are the obvious answer here. Every residential property you own after your first should increase your tax burden substantially, such that y
by JeremyNT 4y ago
Taxes on real estate are the obvious answer here. Every residential property you own after your first should increase your tax burden substantially, such that you are incentived to sell them rather than hoard them and rent them out.
- satvikpendem 4y agoA Georgist, I see.
- eastbound 4y agoAnd own stock instead, or petroleum or any kind of virtual asset offshore, on which there way more little tax, meanwhile renting a mansion at home that belongs to your own subsidiary? Perfectly doable for the rich, it will raise no tax gains at all. Don’t get me started on “taxing virtual assets beyond the 30th you own”.