I'd like to see both an automatically adjusting dynamic tax on owning more than one property in the same municipal or arbitrarily useful region, as well as dynamically banning the ownership of more than one. Everytime I mention this, I get "blah blah we have a democracy blah blah freedom" etc.. but it's no such a democracy if one particular age-range dor demographic of people owns all the assets and politically protects them from diminishing in value or facing competition. Pending presumably complex implementation details, but a healthy system that prevents generational fiefdoms would probably adjust to severely disincentivise even the possibility of acquiring more than one of the most important finite resources in urban areas.
If I'm not mistaken there is a tax on secondary residences in France.
I am not an accountant, but my understanding is there is a "taxe d'habitation" from which primary residences are exempt, but which must be paid on secondary residences.
Of course, this can be gamed via starting a real estate company which buys the secondary residence, claiming that it is for "business purposes", but the basic idea of using taxation to prevent the accumulation of real estate by the wealthiest individuals is present.
Pied-à-Terre Taxes are pretty easy taxes to implement, because usually the ones affected may not even live in the town/state to vote against it to begin with. But ultimately this only covers a very small slice of homeowners.
I'd like to see both an automatically adjusting dynamic tax on owning more than one property in the same municipal or arbitrarily useful region, as well as dynamically banning the ownership of more than one. Everytime I mention this, I get "blah blah we have a democracy blah blah freedom" etc.. but it's no such a democracy if one particular age-range dor demographic of people owns all the assets and politically protects them from diminishing in value or facing competition. Pending presumably complex implementation details, but a healthy system that prevents generational fiefdoms would probably adjust to severely disincentivise even the possibility of acquiring more than one of the most important finite resources in urban areas.
If I'm not mistaken there is a tax on secondary residences in France. I am not an accountant, but my understanding is there is a "taxe d'habitation" from which primary residences are exempt, but which must be paid on secondary residences.
Of course, this can be gamed via starting a real estate company which buys the secondary residence, claiming that it is for "business purposes", but the basic idea of using taxation to prevent the accumulation of real estate by the wealthiest individuals is present.
Pied-à-Terre Taxes are pretty easy taxes to implement, because usually the ones affected may not even live in the town/state to vote against it to begin with. But ultimately this only covers a very small slice of homeowners.