Hacker News

4123 readers

3 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules

0. Keep it legal

Keep it civil and SFW
Keep it safe for members of marginalised groups

founded 1 year ago

MODERATORS

[email protected]

There are 28 vacant homes for every person experiencing homelessness in the U.S. (unitedwaynca.org)

submitted 1 year ago by [email protected] to c/[email protected]

9 comments fedilink hide all child comments

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

I like the idea, but no good way for this to work out.

Small time landlords with a few properties will get fucked out of existence while massive corporations will get their overpriced lawyers to find a loophole and not pay a dime in taxes despite owning thousands of properties. Then they will just buy up the rest of real estate that small time landlords can't afford now because of taxes.

There's a 0% chance gov can implement this tax correctly, but even if by some random chance they do, corporations will simply pass it down to renters.