I’ve been thinking along these lines for years. Contrary to what is often said, about landlords being leeches, I believe they provide a service. Not everybody can afford or wants to buy a house, but renting should be affordable.
Land, however, is a finite resource, and should be taxed accordingly, to redistribute wealth, and normalize the market.
I find people who invest on housing as a means to enhance their retirement, for example, fine.
However, hoarding and speculation that leads to inflated markets is not.
A proggresive taxation on individual owners, say 10-15% on the first 3 properties (maybe one or two could be second residences, why not), 20% on 5-10, 50% on 10-20, for example (I’m throwing numbers around) would make hoarding a diminishing returns game.
Businesses should have much higher brackets, on residential. Commercial should be taxed, but less so.
Empty residential should be taxed punitively, and also progressively, and after a certain period, made available to municipalities for social housing.
Capitalism is good, when there are effective checks.
Social housing should be a priority.
There are tons of ways to promote a sane and socially responsible market.
I believe in capitalism, with effective checks, and redistribution of wealth, progressively.
I’ve been thinking along these lines for years. Contrary to what is often said, about landlords being leeches, I believe they provide a service. Not everybody can afford or wants to buy a house, but renting should be affordable.
Land, however, is a finite resource, and should be taxed accordingly, to redistribute wealth, and normalize the market.
I find people who invest on housing as a means to enhance their retirement, for example, fine.
However, hoarding and speculation that leads to inflated markets is not.
A proggresive taxation on individual owners, say 10-15% on the first 3 properties (maybe one or two could be second residences, why not), 20% on 5-10, 50% on 10-20, for example (I’m throwing numbers around) would make hoarding a diminishing returns game.
Businesses should have much higher brackets, on residential. Commercial should be taxed, but less so.
Empty residential should be taxed punitively, and also progressively, and after a certain period, made available to municipalities for social housing.
Capitalism is good, when there are effective checks.
Social housing should be a priority.
There are tons of ways to promote a sane and socially responsible market.
I believe in capitalism, with effective checks, and redistribution of wealth, progressively.