If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%

That would make it increasingly difficult for mega companies to buy up everything and torture the housing market

you are viewing a single comment's thread
view the rest of the comments
[–] 25 points 2 days ago (3 children)

This is why wealth tax is so elegant. It doesn’t matter if you own a bunch of houses personally, or you own shares of a company that own a bunch of houses, or you use the shares as collateral to borrow a bunch of money; your total wealth is the same. There is no way get around it :3

  • source
  • hideshow 6 child comments
  • [–] 3 points 2 days ago (1 child)

    Wealth taxes are necessary, but with offshoring and hiding accounts, I'd say they're bureaucratically complicated rather than elegant.

  • source
  • parent
  • hideshow 2 child comments