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by epistasis
490 days ago
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If your income tax goes up a lot, you have a ton more wealth. Which means that a small downsizing to match the same tax level leaves you with a bunch of cash. That's exactly what should happen in a productive economy: big cash payments to give up underutilized land to somebody who can make better use of it. People talk about taxing granny out of her house, but they conveniently forget to mention that granny is keeping half a dozen people homeless by hoarding an underutilized property. |
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Where are you getting that from?
In most cases when granny sells her house and moves due to high taxes the buyer will be a single family that will live in the house. In the vast majority of cases that family will have less than half a dozen people, and in the vast majority of cases they will not have been homeless before.