No Stupid Questions@lemmy.world · 12 days ago

How would a wealth tax affect real estate rentals?

No Stupid Questions@lemmy.world · 12 days ago

Alright, Tax Wealth, Not Work (TWNW). Let’s say the wealth tax got implemented at 2% on wealth over 10 million. I’m unclear on whether it would increase single home ownership and reduce the number of available rentals and thus make it even more difficult to find living space. Or would the tax revenues from it allow for the construction of more community housing?

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12 days ago
I think that the implication was that they would have to sell in order to come up with the cash to pay the tax?

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