4 ms·
Sure it does since luxury tax can be 10%-25% of property value. Let's see who wants to hold on to property then. And if they do they are paying their dues to so
by darioush 2y ago
Sure it does since luxury tax can be 10%-25% of property value.
Let's see who wants to hold on to property then. And if they do they are paying their dues to society.
When they are "removed" and owned by more people, presumably this is a more efficient allocation of the same amount of houses to more people, which is a solution for the housing problem.
- scoofy 2y agoAgain, it doesn't matter if one person owns 1000 houses or 500 people own two and rent one of them. The incentive system is to increase the shortage, and without addressing that incentive then the population of homeowners (most of the electorate) will not support increased development.