Re:Seattle Poised to Repeal Tax on Amazon and Large Employers
by projectramo on Tuesday June 12, 2018 @10:28AM
(#17293537)
Taxing the rich would work if you want to redistribute wealth in general.
But this is a very specific effect you are after: the wealthy spending less on housing.
That is to say, suppose there is a wealthy person and they are choosing between a new yacht and a new house, you want this policy to very specifically move them from the house to the yacht because of the scarce land.
But this is a very specific effect you are after: the wealthy spending less on housing.
That is to say, suppose there is a wealthy person and they are choosing between a new yacht and a new house, you want this policy to very specifically move them from the house to the yacht because of the scarce land.