Maybe the value of real estate held by corporations is assigned proportionally to the shareholders? Maybe the tax rate is determined by whichever intermediate owner results in the highest rate.
I don’t see why you can’t make it enforceable and effective with less complexity than the current tax system.
Hmm, maybe. I still don’t like the fact that some rich dude could just go and say “Hmm such a nice home they’ve built for themselves, I think I will forcibly buy it”. There’s so much more value to a home than the land it sits on and the building materials. There’s a lot of sentimental value once you’ve lived somewhere for years or decades even.
If there was an exception for primary residences, your idea might be a lot less horrible. Again something that could likely be schemed through, but at the very least, it’d just be investment properties that get targeted. I don’t give a fuck about those.
Maybe the value of real estate held by corporations is assigned proportionally to the shareholders? Maybe the tax rate is determined by whichever intermediate owner results in the highest rate.
I don’t see why you can’t make it enforceable and effective with less complexity than the current tax system.
Hmm, maybe. I still don’t like the fact that some rich dude could just go and say “Hmm such a nice home they’ve built for themselves, I think I will forcibly buy it”. There’s so much more value to a home than the land it sits on and the building materials. There’s a lot of sentimental value once you’ve lived somewhere for years or decades even.
If there was an exception for primary residences, your idea might be a lot less horrible. Again something that could likely be schemed through, but at the very least, it’d just be investment properties that get targeted. I don’t give a fuck about those.