In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that’s particularly acute in Canada.
That would put a lot of pressure on those who are struggling.
Taxes should be income based.
You can make the tax apply only to corporate owners, or properties that are not an individual’s primary residence.
I’m in the lowest tax bracket. I only made about $34k last year. The amount of income tax I paid was equivalent to about 25% of my total wealth.
Calculate 25% of your total wealth. How would it feel to pay that much in taxes? Because that’s how much I paid.
Fuck income tax.
Taxes should be income based.
I think taxes should be mostly wealth based, not income based.
You want to know why?
Because it’s easy for some rich bastard to report zero income while having billions in assets.
Someone who already can’t make end’s meet would feel the sting of any amount of taxation in day-to-day life compared to a billionaire.
Wealth hoarding should be severely taxed. You want more land than humanly acceptable? Six houses at 10,000sq+ each? 15 cars? A tennis court and equestrian ranch for friends and family? Fine, get ready to pay a lot for it on an ongoing basis.
