alt Hacker NewsRenters will always pay one way or another. You can name it wealth tax or property tax or house tax. It doesn't matter -- the result will be higher rent.
Replies
throw0101a • today at 11:21 AM
The point of my post was to indicate that just because you're a home owner (rather than a renter) does not make you special.
Property taxes are not wealth taxes, but fees for services rendered by the local government. Both home owners and renters (may) benefit from those fees.
Economy's doing good? Rent increases because people can afford to pay more, and demand is always very high.
Economy's doing badly? Rent increases because costs and taxes for the landlord are higher.
UBI? Rent increases because people have more disposable income.
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The secret to the infinite money glitch is to maintain a much lower supply than the demand, and to concentrate jobs within a small area