Re:The Portuguese can no longer afford to live in Portugal
by pydry on Friday September 02, 2022 @07:35AM
(#32689410)
I reframed it in such a way to make it abundantly clear that the problem can be solved at any point with the judicious application of new taxes.
That guy with $11 just needs to lose most of it or not be able to spend it and then there is no more apples shortage "due to high demand".
Portugal cant tax an overly rich canadian living in canada but they can absolutely cut the bottom out of the portuguese-property-market-as-a-bitcoin-like-store-of-wealth. This would not only free up land for portuguese habitation it would help fill the portuguese budget hole.
However, for some reason that is probably more about a variety of property owning portuguese politicians getting very rich and not attracting useful investment, the Portuguese government encouraged this with the golden visa. They only cut porto and lisbon out of the program after a steep backlash.
That guy with $11 just needs to lose most of it or not be able to spend it and then there is no more apples shortage "due to high demand".
Portugal cant tax an overly rich canadian living in canada but they can absolutely cut the bottom out of the portuguese-property-market-as-a-bitcoin-like-store-of-wealth. This would not only free up land for portuguese habitation it would help fill the portuguese budget hole.
However, for some reason that is probably more about a variety of property owning portuguese politicians getting very rich and not attracting useful investment, the Portuguese government encouraged this with the golden visa. They only cut porto and lisbon out of the program after a steep backlash.