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A comment on Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea. Parent comment

Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by robocat on Friday October 23, 2020 @12:18AM (#24865999)
If property (land + building) taxes are significant, then property is already leased.

E.g. in NZ you buy property, but the local government taxes it, so you are essentially paying a small lease. Enough so that some retirees with no income have to downsize because the rates are a significant burden.

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Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by CuriousSkeptic on Friday October 23, 2020 @06:15AM (#24867836)
That would be the general idea. I think calling it a lease instead of tax has some benefits from an ideological perspective. But for this discussion suffice it to say that it should not just be an arbitrary tax.

I also think a substantial amount of the revenue from such lease should be tunneled back into the economy as a public dividend. Also for ideological reasons. But in practice to allow for higher prices (100% of market value would be ideal) while not impacting the retirees you mention quite as much.

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