Re:Can the West’s perplexing employment miracle continue?
by jen20 on Monday March 06, 2023 @09:59AM
(#35041739)
The easiest ways to put up barriers to rapacious landlords are:
- prevent corporations from owning residential property
- tax property rental income at a substantially higher rate than income and exempt it from other deductions
- tax residential property which is empty for more than de minimis periods at an eye-watering rate (perhaps 5-6x standard property taxes).
None of this requires higher interest rates, but it will result in a transfer of wealth away from aging boomers and corporations, which apparently must be avoided at all costs.
- prevent corporations from owning residential property
- tax property rental income at a substantially higher rate than income and exempt it from other deductions
- tax residential property which is empty for more than de minimis periods at an eye-watering rate (perhaps 5-6x standard property taxes).
None of this requires higher interest rates, but it will result in a transfer of wealth away from aging boomers and corporations, which apparently must be avoided at all costs.