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Yes, 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
by sukilot 11y ago
Yes, 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.