> We have corpoeations/Private Equity Firms buying up property to squeeze out as much money possible from these places.
This isn't some groundbreaking revelation they had. Corporations and firms are always trying to squeeze as much money as possible. After a few purchases, the stimulus checks go into the hands of the corporations, who are are now flush with newly printed cash. Given that there are few real growth opportunities to invest in, everyone just throws their money at property.
Land value tax is the answer..only allow real people to own residential dwellings, no corps. Secondly every property as a 0.25% higher tax than the previous one, sorted by lowest value, so you're paying lower taxes on the lower costing houses, and the highest taxes on the highest costing.
Finally, the base tax is gotta be way above primary dwelling, normal homeowners shouldn't be penalized.
All the $$ raised is to be used for UBI or Medicare For All, it cannot be borrowed from or repurposed.
Oh I understand that. I just meant the recent mass buys that have been happening.
(this may just be a feeling based on my news readings and not a reflection of reality)
This isn't some groundbreaking revelation they had. Corporations and firms are always trying to squeeze as much money as possible. After a few purchases, the stimulus checks go into the hands of the corporations, who are are now flush with newly printed cash. Given that there are few real growth opportunities to invest in, everyone just throws their money at property.