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by teachingassist 1830 days ago
OK. You seem to be agreeing that this would be a fine system with those caveats.

So: Exemptions specifically covering residency already exist in finance law. If you go bankrupt, you can still live in your house (only if you owned it, mind).

The government, as soon as practical, can auction the stock it receives. Thus identifying its value and releasing the funds.
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TimTheTinker 1830 days ago
> You seem to be agreeing that this would be a fine system with those caveats.

I'm not advocating anything in particular. I'm only pointing out some potentially serious issues with the proposed system.

Sure, primary residence could be excluded. But that doesn't change anything about what I said, except perhaps blunt the initial impact on the middle class.

> The government, as soon as practical, can auction the stock it receives. Thus identifying its value and releasing the funds.

Perhaps that could be part of the tax law. I doubt it would stay that way... once the government can own stocks and portions of real estate, I'm sure it will seek to incrementally increase its benefit from doing so. I shudder to imagine politician-beaurocrats as the most powerful hedge fund managers of tomorrow.

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teachingassist 1830 days ago
> once the government can own stocks and portions of real estate, I'm sure it will seek to incrementally increase its benefit from doing so.

There's nothing stopping the government from owning these things already (governments own plenty of real estate, in particular), so this seems like undue cynicism.

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TimTheTinker 1830 days ago
There's a big difference between agencies owning buildings within which to do business (or the BLM owning vast swaths of land for environmental preservation) and the IRS maintaining a real estate asset class.

In fact there's almost no comparison to be made between the two.

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teachingassist 1830 days ago
Regarding the government's ownership of real estate, I suggest you are simply mistaken, e.g.:

https://www.forbes.com/sites/bisnow/2017/04/11/solving-the-m...

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TimTheTinker 1830 days ago
That article is talking about local governments, not the federal government.
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teachingassist 1829 days ago
Ctrl-F "federal government" suggests otherwise.

This is now really a bad faith argument.

You've moved the goalposts (again), and declared that your new goal wasn't met (when, in fact, you just ignored that part).

It's OK to admit you were wrong <3

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