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my suspicion would be that more equitable wealth distribution would make housing even more expensive in some scenarious even taxing third homes could ultimatel
by zzzzzzzza 3y ago
my suspicion would be that more equitable wealth distribution would make housing even more expensive
in some scenarious even taxing third homes could ultimately reduce the supply of housing
a land value tax on the other hand...
- nojvek 3y agoWhy would equitable wealth distribution make housing expensive?
- BigRedDog1669 3y agoMy guess is that they meant: If you give a lot of people that previously couldn't afford a house more money it will increase the demand and prices. The issue is that there is a shortage of housing which is primarily due to zoning preventing the construction of houses in a lot of areas.
- nojvek 3y agoAh this implies definition of wealth is purely $ value, not what their inflation-adjusted “afford to buy material goods and services” value.
- zzzzzzzza 3y agofor any given dollar a middle class/poor household would be more likely to spend it on housing or additional square footage than a richer household