>>509957667>The issue is that every election a new tax is issued. So it’s not about 2%, but the accumulation of all these new taxes. Furthermore, a “wealth tax” is a new concept that I don’t think exists anywhere in the US.Wealth tax is not a bad idea in a capitalistic economy. It prevents wealth hoarding. The equivalent demand is a reduction or elimination of income tax. i.e. getting to 1 million dollars is tax free, beyond that is taxed
We DO have something like wealth tax in the form of property tax. More expensive your property, higher the tax (just like the more your wealth, the higher the tax). Virginia even taxes cars in this fashion, so if you have an expensive car they'll bleed you every year for it.
>>509961581>non commercial real estate thats not their primary residenceThis is what Singapore does, which has crazy house demand worse than NYC, and they have it mostly sorted. There are no apartment buildings there because such a project would be taxed so hard up the ass as to make it lose money. (they also give their criminals beatings which is based)