Re:Rewarding Neglect and Punishing Investment in Struggling ...
by jelliclesfarm on Thursday March 14, 2019 @11:33AM
(#19390143)
Not if it’s a primary home.
There is a tax at source. There is a tax at transfer/inheritance.
If it’s put to use, there is a tax at consumption. The house always wins. The govt always collects tax.
I disagree with the notion that redistribution should be coercion or punitive. A land tax for undeveloped land is punitive. Property and ownership is constitutionally protected. People shouldn’t be punished for being productive and wealthy.
Disadvantage from what baseline? Possession of a limited resource always creates an advantage to start with. If this is not compensated for with a tax, then aren't people going to compete away the value that would have been taxed? In which case it will be lost to society.