Comment by dpc_01234

> I would argue that this is unpopular not only amongst retirees but everyone. And it would have tons of negative side effects.

Every tax is unpopular and undesireable.

Why would I work if government is taxing my income? Why would I invest? Why would I drive the car, blah blah.

Land tax is easy to collect, fast to pay, hard to avoid or game, and encourages productivity and efficiency.

And this cuddling of boomers who've benefited by piling up gigantic government debts and expect to be paid back (typically holding gov bond) is literally going to destroy the financial system. Part of the benefit of this tax is that if you can't pay for fair value of the land you're preventing others from using, you have to sell and get out, so e.g. a productive family can pay your for it, and use it instead of your now unproductive self. If you don't want that, you have to pay the same tax they would pay. Just because you're retired doesn't mean "your done with your duties to the rest of society and you can just expect free shit and do nothing" _especially_ that your "wealth" is just rent seeking on younger generations.

If boomers keep preventing younger generations from being productive and having opportunities, the economy will dwindle, the pile of of debt and other financial assets will collapse, hyperinfation is going to destroy their paper wealth and they will be starving or worse. Just watch, because I doubt at this point is avoidable anyway.