Explain to me what prevents corporations or billionaires from acquiring all the land? Because that's what's happening. All this would do is accelerate that.
What you want is a progressive tax on land so you actually have a better opportunity to own some.
This is in important distinction that should be solved. Perhaps property taxes apply on houses after the first. The first doesn’t get taxed because the norm should be that a person or family should have one house. People should be discouraged from holding lots of property, and houses should be owned, not rented.
What smooth brain thought this up?
Explain to me what prevents corporations or billionaires from acquiring all the land? Because that's what's happening. All this would do is accelerate that.
What you want is a progressive tax on land so you actually have a better opportunity to own some.
This is in important distinction that should be solved. Perhaps property taxes apply on houses after the first. The first doesn’t get taxed because the norm should be that a person or family should have one house. People should be discouraged from holding lots of property, and houses should be owned, not rented.