Comment on Most English schools handing out clothes and food to children

• abrasiveteapot@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.

  You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.

  source

  • Aux@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Ok, you destroy the building and then what? Do you expect an achievement badge to appear above your head or something?

    source

    • abrasiveteapot@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      You really have reading comprehension issues don’t you ?

      The post notes that it’s near impossible to hide or move real estate overseas thus making it near impossible to avoid.

      Even if someone tried to avoid the tax by destroying the building you still can’t avoid it because the land is the value not the building.

      Ergo you pay the property wealth tax or the government reposses the property.

      Unlike cash that can be hidden the asset is visible and hence tax is easily enforced

      source

      • Aux@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Did you even read the thread? I’ll repeat the question - you take the mansion, now what? How do you convert a mansion into school uniforms? Oh wait, you don’t! That changes nothing!

        source

        • -> View More Comments