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Taxes should be used to pay for government services, not as arbitrary attacks on people you don't like. Also, raising taxes just raises costs for renters. The
by floor2 3y ago
Taxes should be used to pay for government services, not as arbitrary attacks on people you don't like.
Also, raising taxes just raises costs for renters. The solution to housing affordability is building more housing. Align the market incentives to build more housing, don't try to fight against market forces.
- hehhehaha 3y ago>Taxes should be used to pay for government services, not as arbitrary attacks on people you don't like. Land taxes are not arbitrary, it's a way of generating revenue from the single most important shared resource. > Also, raising taxes just raises costs for renters. Landlords usually have more pricing elasticity than renters, therefore taxes will have a depreciating effect on housing prices. > The solution to housing affordability is building more housing. Don't disagree > don't try to fight against market forces Increasing supply and using supply more efficiently are both important