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A comment on Hyperloop: Pipes of Fancy. Parent comment

Re:Hyperloop: Pipes of Fancy by freeone3000 on Wednesday August 12, 2020 @10:42PM (#24139447)
Regular property tax works fine. Montreal recaptures the increase as values rise through transfer taxes and ocassional reassesments.
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Re:Hyperloop: Pipes of Fancy by wombatpm on Thursday August 13, 2020 @01:06AM (#24140111)
Transfer taxes are avoided by the wealthy. See London and NYC. An LLC purchased property. From that point the LLC is bought/sold/merged and the assets never change ownership
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Re:Hyperloop: Pipes of Fancy by andrepd on Thursday August 13, 2020 @05:21AM (#24141419)
Maybe that ought to be fixed as well.
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Re:Hyperloop: Pipes of Fancy by klipt on Thursday August 13, 2020 @01:00AM (#24140089)
Unfortunately California doesn't have regular property tax thanks to Prop 13: even if values rise, taxes don't.

So high speed rail in California is always going to be a boondoggle.

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