Re:Economists Are Rethinking the Numbers on Inequality
by FabHK on Thursday December 05, 2019 @10:55AM
(#21713322)
Consumption is not buying a house, the consumption is living in it.
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Re:Economists Are Rethinking the Numbers on Inequality
by hueving on Wednesday December 11, 2019 @03:30PM
(#21766481)
The tax is not based on living in it. Nor is it based on the space it consumes.
Re:Economists Are Rethinking the Numbers on Inequality
by FabHK on Wednesday December 11, 2019 @06:49PM
(#21768034)
No. And if you buy an apple pie, you pay the sales tax on it, even if you give it to your kids to eat. And the sales tax is based on the price of the apple pie, not how many apples it contains.
It is still a consumption tax. If you rent the house out to others, presumably you'll pass on the consumption tax (or not, it doesn't matter).