Re:Investors bought a record share of U.S. homes in 2021
by secabeen on Thursday February 17, 2022 @01:40PM
(#30376887)
> I guess you could tax all collateralized loans above a certain collateral value but that can be gamed. So personally I prefer consumption taxes.
Interesting idea. We sort of already do this, we apply property taxes based on the value of the property as pegged at purchase (re-assessed over time). We could exempt loans on collateral already subject to property (or other value-based) taxes, but could then put a wealth tax on any other asset used as collateral for a loan at the collateral value agreed on by the lender.
Interesting idea. We sort of already do this, we apply property taxes based on the value of the property as pegged at purchase (re-assessed over time). We could exempt loans on collateral already subject to property (or other value-based) taxes, but could then put a wealth tax on any other asset used as collateral for a loan at the collateral value agreed on by the lender.