Originally posted by KazetNagorra A top tariff of roughly 70% over ~$100k and a tax-free wedge of about $20k, with a progressively increasing rate in between. Something like that.
People don't leave their home country without a good reason. Especially if the economy is doing well.
Unfortunately the rich big business munchkin heirs have lost that "people" connection to the land. They are parasites.
Taxing land is regressive. The tax simply gets added to the rent and the poor end up paying those taxes.
Kaz,
Good luck on that one. I hope you include all income in that taxation and not simply earned income.
You can't just add taxes to the rent. It doesn't work like that. Basic economics will tell you that such expenses are shared both by the rent payers AND the property owners.
Good luck having a place to stay after you've burned it down. You'd think people like you who live in places like Watts would figure that out, but I guess some people require more repetions before they learn.