OT Unregulated capitalism killing the American Dream

Yeah, I'm fine with raising it as well. I don't think the insanely high taxes should be in full effect at $1 million, but maybe you start losing your tax deductions starting at $1 million. Or even $5 million. Then it increases to $5 or $10 million until it's in full effect.

And I think your primary residence should probably be exempt up to 250% of average or something like that.

*Edit* And frankly, if you're renting the property out at market value it should only be taxed as it is now. As, that's a benefit to society. You should be charged an extra 1% capital gains tax on every dollar that exceeds 2% of the home's market value.

But if it's just sitting empty for more than a few months you should be taxed 25% on the home's property value unless vacancy rates are over 10% and homeless rates are under 1 per 10,000 residents (you should be able to avoid this tax by listing the home for use with the local government as section 8, who will have to pay you market value).

Same for vacant land within city limits.

It should be a much better investment to allow homeless to live in the property than to let it sit empty.

 

Do you think I should be paying insanely high property taxes? Fuck that shit. I already pay a very high property tax, about $6,000/year after my Veteran's discount which only kicks in when you've lived ther for at least five years which is the same time I turned 65 which gets you the same discount. So my Veteran's discount did me no good.
I do get a lifetime hunting/fishing/shell fish license, a free entry pass to Federal parks and some free state campground in a state park.

 

I don't think you (or anybody with a single family home) should be paying any higher property taxes for your primary residence than you already are.

 

But my home is worth over one million.

 

But it's also your primary residence.

 

Boxed Out: How Predatory Buying Is Killing Off Small Businesses

Powerful retailers are killing off small businesses by dominating supply chains.

Our new report explains that it’s time to revive the Robinson-Patman Act and restore antitrust enforcement against predatory buying.

https://popularresistance.org/boxed...atory-buying-is-killing-off-small-businesses/

 

Health Insurance Whistleblower: Medicare Advantage Is "Heist" by Private Firms to Defraud the Public

 

Homelessness has risen 70% in California’s capital. Inside the staggering emergency

https://www.msn.com/en-us/news/us/h...A13GO0X?cvid=80cccd4b2e344bdaa91fcd6e44aa0075

 

Merkley Bill Aims to Dismantle Hedge Fund Stranglehold on Housing Market

Senate Democrat accuses Wall Street of "pouring fuel on the fire of the affordable housing crisis."

https://www.commondreams.org/news/2...mantle-hedge-fund-stranglehold-housing-market

 

Yeah, that will be DOA.

 

Why It's So Hard To Imagine Life After Capitalism

 

Why You Don't Actually Own Anything Under Capitalism

 

Why You Should Be A Socialist In 2023