Re:Detroit wants to be the first big American city to tax la...
by jonhohle on Tuesday October 17, 2023 @01:02AM
(#37910816)
She (and my grandfather) invested in building in an undeveloped area with their own money. They earned it by working and paying for their house and land.
Now public spenders think she owes them what she spent her life building.
Re:Detroit wants to be the first big American city to tax la...
by jncfhnb on Wednesday October 18, 2023 @07:13PM
(#37936066)
The only world in which grandma cannot afford her LVT is if the value of her land has grown so high that she can make a disproportionately large gain by selling the house. This is very unlikely. And if it is the case, it’s not like the government is stealing her house, they’re just saying she has to realize some of her enormous unrealized gains.
It came from renters and first time home owners putting money into the housing market.
Your grandma is doing the looting.