News for hackers. Stuff that matters.

A comment on Why Billionaires Don't Pay Property Taxes in New York. Parent comment

Re:Why Billionaires Don't Pay Property Taxes in New York by minot on Wednesday May 13, 2015 @08:09AM (#9538283)
Just increase property taxes higher if the billionaire's behavior is unacceptable. At some point, they will get priced out as well.

Do I have the right to live somewhere forever if I rent an apartment?

[ Parent | on HN ]
Re:Why Billionaires Don't Pay Property Taxes in New York by jon-wood on Thursday May 14, 2015 @06:46AM (#9544304)
You seem to be arguing that the solution here to make sure everyone is priced out of the market, and no one should be able to live in these properties. I'm not sure how that helps anyone.
[ Parent | on HN ]
Re:Why Billionaires Don't Pay Property Taxes in New York by sukilot on Wednesday May 13, 2015 @10:52AM (#9539330)
Yes, that's what the story is about -- excessive/vacant properties should pay progressive tax. Just like how cities condemn shoddy apartments and hand them out for redevelopment (Kelo)
[ Parent | on HN ]
Re:Why Billionaires Don't Pay Property Taxes in New York by bradleyjg on Wednesday May 13, 2015 @12:48PM (#9540210)
The article isn't even calling for a progressive tax or an absentee differential, just that the new ultra-lux condos shouldn't get a tax break of 90+%.

That seems like a no-brainer to me. About the only argument in this thread against it is from zaroth (https://news.ycombinator.com/item?id=9534802). He says that these buildings wouldn't be built without the tax break. I'd be willing to consider the possibility, but I'm unconvinced at this point.

[ Parent | on HN ]