Quote:
Originally Posted by TheIronMaiden
I think that the use of property as investments is dangerous, and puts many people in very difficult positions, and creates a societal Burdon on many other systems. I wouldn't say that inheriting property is unfair, but using it as an exploitive method of wealth generation is unethical.
That said, I am skeptical that government would put the taxes they generate from taxing estate transfers to any good use.
I would think of a system that encourages affordable renting. Like any revenue from a rental property under a fixed sum is tax free, and any revenue over that cap is double taxed.
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Instead of a complex system like that keep it simple. Ban any foreign ownership, ban any company from owning single family homes, and cap the number of properties any single individual can own. Prices will decline if aggressive policies are enacted and that will cause a lot of other issues in the short term and will be politically unpopular. Boomers and millennials would be hit hard.