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

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JumpyWombat@lemmy.ml ⁨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.

If it’s a tax on wealth, what difference does it make if you own an asset or its value in cash?

By the way: sales may reduce the stock of properties for rent driving the prices up.

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