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Just increase property taxes higher if the billionaire's behavior is unacceptable. At some point, they will get priced out as well. Do I have the right to live
by minot 11y ago
Just increase property taxes higher if the billionaire's behavior is unacceptable. At some point, they will get priced out as well.
Do I have the right to live somewhere forever if I rent an apartment?
- sukilot 11y agoYes, that's what the story is about -- excessive/vacant properties should pay progressive tax. Just like how cities condemn shoddy apartments and hand them out for redevelopment (Kelo)
- bradleyjg 11y agoThe article isn't even calling for a progressive tax or an absentee differential, just that the new ultra-lux condos shouldn't get a tax break of 90+%. That seems like a no-brainer to me. About the only argument in this thread against it is from zaroth (https://news.ycombinator.com/item?id=9534802 https://news.ycombinator.com/item?id=9534802). He says that these buildings wouldn't be built without the tax break. I'd be willing to consider the possibility, but I'm unconvinced at this point.
- jon-wood 11y agoYou seem to be arguing that the solution here to make sure everyone is priced out of the market, and no one should be able to live in these properties. I'm not sure how that helps anyone.