6 ms·

better off taxing people that own more than 1 property and leave people just trying to live alone.

brailsafe 15d ago
I'd like to see both an automatically adjusting dynamic tax on owning more than one property in the same municipal or arbitrarily useful region, as well as dynamically banning the ownership of more than one. Everytime I mention this, I get "blah blah we have a democracy blah blah freedom" etc.. but it's no such a democracy if one particular age-range dor demographic of people owns all the assets and politically protects them from diminishing in value or facing competition. Pending presumably complex implementation details, but a healthy system that prevents generational fiefdoms would probably adjust to severely disincentivise even the possibility of acquiring more than one of the most important finite resources in urban areas.
- achenet 15d ago
  If I'm not mistaken there is a tax on secondary residences in France. I am not an accountant, but my understanding is there is a "taxe d'habitation" from which primary residences are exempt, but which must be paid on secondary residences. Of course, this can be gamed via starting a real estate company which buys the secondary residence, claiming that it is for "business purposes", but the basic idea of using taxation to prevent the accumulation of real estate by the wealthiest individuals is present.
  - pmontra 15d ago
    That thing exists in Italy too. Primary residence is exempt, you pay on the other houses or parts of them (heirs, etc)
  - brailsafe 12d ago
    Right, but it's still kind of a joke because that's just what you would pay on any normal investment's appreciation. Land is treated as a commodity that can't go down in price.
johnnyanmac 15d ago
Pied-à-Terre Taxes are pretty easy taxes to implement, because usually the ones affected may not even live in the town/state to vote against it to begin with. But ultimately this only covers a very small slice of homeowners.
- globalnode 14d ago
  In australia we have housing as an investment that pays off big. The more homes you own the richer youll be. Theres not much else here that pays off that well.
  - tharmas 14d ago
    Canada too. In fact all the Anglo countries.

I'd like to see both an automatically adjusting dynamic tax on owning more than one property in the same municipal or arbitrarily useful region, as well as dynamically banning the ownership of more than one. Everytime I mention this, I get "blah blah we have a democracy blah blah freedom" etc.. but it's no such a democracy if one particular age-range dor demographic of people owns all the assets and politically protects them from diminishing in value or facing competition. Pending presumably complex implementation details, but a healthy system that prevents generational fiefdoms would probably adjust to severely disincentivise even the possibility of acquiring more than one of the most important finite resources in urban areas.

achenet 15d ago
If I'm not mistaken there is a tax on secondary residences in France. I am not an accountant, but my understanding is there is a "taxe d'habitation" from which primary residences are exempt, but which must be paid on secondary residences. Of course, this can be gamed via starting a real estate company which buys the secondary residence, claiming that it is for "business purposes", but the basic idea of using taxation to prevent the accumulation of real estate by the wealthiest individuals is present.
- pmontra 15d ago
  That thing exists in Italy too. Primary residence is exempt, you pay on the other houses or parts of them (heirs, etc)
- brailsafe 12d ago
  Right, but it's still kind of a joke because that's just what you would pay on any normal investment's appreciation. Land is treated as a commodity that can't go down in price.

johnnyanmac 15d ago

Pied-à-Terre Taxes are pretty easy taxes to implement, because usually the ones affected may not even live in the town/state to vote against it to begin with. But ultimately this only covers a very small slice of homeowners.

globalnode 14d ago
In australia we have housing as an investment that pays off big. The more homes you own the richer youll be. Theres not much else here that pays off that well.
- tharmas 14d ago
  Canada too. In fact all the Anglo countries.