Comment by hirako2000

The argument of empty lots imo doesn't hold. See NYC and other cities where all homeless could be housed in currently sitting empty properties.

It is a problem though, I doubt a property tax is a solution, the proof is, it doesn't solve it.

I wouldn't be against taxing owners on their income, including dividends. To fund municipalities.

My argument isn't that taxes are bad. Public services need funding. Rather, that certain taxes are absurd.

If anything, this particular tax serves one thing that the working class on rental denounces: prime real estate neighborhoods typically are better policed, have better schools, and better infrastructure than what we call "poorer" area.

Edit: I don't imply it is due solely to this tax, but the concept of taxing properties imo makes redistributions naturally or cynically more localized to areas where more gets collected.