Comment on "Morbidly Wealthy": The world’s five richest men have more than doubled their fortunes from $405b to $869b since 2020—at a rate of $14m/hr—while nearly five billion people have been made poorer

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Alto@kbin.social ⁨11⁩ ⁨months⁩ ago

Not directly related to income tax, but I'm a bog believer in having property tax on a exponential scale. Start off quite low for your first property, a vacation home is still reasonable, but by the time you're much past that it becomes completely unreasonable to keep buying properties. Add a hefty multiplier for empty units on top of that, and you'd go a long way to fixing the issue with property hoarding.

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