Comment on Most English schools handing out clothes and food to children
abrasiveteapot@sh.itjust.works 1 year agoYes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
Aux@lemmy.world 1 year ago
You can’t tax wealth. It never works.
abrasiveteapot@sh.itjust.works 1 year ago
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
Aux@lemmy.world 1 year ago
Ok, you destroy the building and then what? Do you expect an achievement badge to appear above your head or something?
abrasiveteapot@sh.itjust.works 1 year ago
You really have reading comprehension issues don’t you ?
The post notes that it’s near impossible to hide or move real estate overseas thus making it near impossible to avoid.
Even if someone tried to avoid the tax by destroying the building you still can’t avoid it because the land is the value not the building.
Ergo you pay the property wealth tax or the government reposses the property.
Unlike cash that can be hidden the asset is visible and hence tax is easily enforced