Basic income would not reduce people’s willingness to work

Re:Basic income would not reduce people’s willingness to work by onion2k on Monday January 17, 2022 @01:05PM (#29969465)

Not if it was paid for by a tax on rental income. 100% tax on everything over the equivalent mortgage payment on the property would be a lovely cap on rent values.

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Re:Basic income would not reduce people’s willingness to work by kube-system on Monday January 17, 2022 @01:19PM (#29969704)

There's not an objective number for that. But if we assume there is, then you are simply guaranteeing that no rentals will exist, because landlords pay higher taxes than a resident mortgagor, and they have overhead.

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Re:Basic income would not reduce people’s willingness to work by onion2k on Monday January 17, 2022 @03:00PM (#29971073)

Only if you ignore the appreciation on the investment asset (eg the house). That's most of the reason to rent out a house - for the future sale of the property. This would just mean landlords would need to buy the maintenance costs until they sell up.

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Re:Basic income would not reduce people’s willingness to work by josephcsible on Monday January 17, 2022 @01:19PM (#29969694)

There are some benefits to being a tenant, but your proposal would basically make it impossible, since your landlord would have to be losing money.

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