you are viewing a single comment's thread
view the rest of the comments
[–] 8 points 5 months ago (1 child)

Do you suppose a wealth tax wouldn't also be passed on to renters? Should we just not tax the rich at all since they'll just pass the cost on to their tenants?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 3 points 5 months ago

    There is one way a wealth tax probably wouldn't be passed down to renters.

    If everything over a certain point is taxed at 100%.

    Including stocks and all that stuff that rich people typically store their money.

    That way it doesn't matter if they increase the rent they still won't get more money out of it so there's no point in increasing it.

    They may be incentivized to sell properties in that case to bring property values down and therefore rent.

  • source
  • parent