• daq@lemmy.sdf.org
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    1 year ago

    I like the idea, but no good way for this to work out.

    Small time landlords with a few properties will get fucked out of existence while massive corporations will get their overpriced lawyers to find a loophole and not pay a dime in taxes despite owning thousands of properties. Then they will just buy up the rest of real estate that small time landlords can’t afford now because of taxes.

    There’s a 0% chance gov can implement this tax correctly, but even if by some random chance they do, corporations will simply pass it down to renters.