>If we have that attitude to people owning things, then the first thing should be wealth tax on jewelry, cars, boats, and other luxury items which if you can't afford to pay the tax then you should be forced to sell it.
That actually makes sense if you want to avoid price gouging and scalping over the short term.
If you tax wealth then people will try to reduce the amount of wealth they have which is undesirable over the long term. If you tax land, people will reduce the amount of land they use, which is exactly what you want in an urban environment.
That actually makes sense if you want to avoid price gouging and scalping over the short term.
If you tax wealth then people will try to reduce the amount of wealth they have which is undesirable over the long term. If you tax land, people will reduce the amount of land they use, which is exactly what you want in an urban environment.