Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you - eviltoast
  • dreugeworst@lemmy.ml
    link
    fedilink
    arrow-up
    18
    ·
    3 days ago

    you could have progressive taxes on wealth as well. there’s a difference between having one house worth 500k and having 500 million in shares

    • Kazumara@discuss.tchncs.de
      link
      fedilink
      arrow-up
      4
      ·
      2 days ago

      True, you just need to make sure you start high enough up, or exempt the value of a primary residence (maybe limit the exemption to a non-opulent value of a house so the richest don’t start building castles to bind their money tax free)