Comment on How would a wealth tax affect real estate rentals?

Steve@communick.news ⁨2⁩ ⁨days⁩ ago

The idea is to make the wealthy sell some of their assets. Thus driving the price of those assets down. If people horde fewer houses, the market of buyers shrinks and prices fall.

Now a 2% tax on certain assets won’t solve everything. But its a good start. There will need to be a number of loopholes closed and other taxes targeting the super wealthy, in order to make a real difference.

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