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A comment on Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges. Parent comment

Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges by pascalxus on Tuesday March 20, 2018 @05:23PM (#16632802)
Yes, but for the right to use that house or condo, they don't need to pay property taxes, whereas most of the rest of the world you have to pay rent (property taxes) to the government. If you have to pay vast sums of rent to keep it, do you really own it?
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Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges by klipt on Tuesday March 20, 2018 @06:47PM (#16633508)
Letting rich landlords accumulate land without paying any taxes on it is how you get feudalism. I don't think most people want to live in a feudal society, do you?
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Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges by fspeech on Tuesday March 20, 2018 @08:18PM (#16634096)
Maybe you didn't see that his premise is that no one in China can own land outright. But you are right concentration of land ownership is problematic for a crowded country like China and it was one of causes for the peasant revolution.
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Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges by pascalxus on Wednesday March 21, 2018 @01:18PM (#16640299)
That's true, you definately want some property taxes in cities and urban areas. but, i don't see the harm of near 0 taxes in rural areas with little land demand.
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