@ChrisMartzWX We have this in the UK. It’s called Stamp Duty here and it sucks. Having to pay 10s of thousands of Pounds each time you buy a house means people move less and never downsize. Makes for a very non dynamic housing market. But on the other hand we also don’t have property taxes.
@robertgraham Am I wrong in thinking the goal is to never sell partially because then when they die, the starting value for capital gains calculations gets reset (the stepped up basis)?
@EricSpracklen A big attraction of cities like Dallas and Charlotte was you could get a house for a decent price while still being near a solid job market. What’s the appeal of these cities once they have expensive housing?
@M0useM26440@ThomasVLinge Outing myself as a total nerd but there were chips in each clone brain that allowed their individual loyalties and motivations to be overruled for situations like this. https://t.co/vf98NCfd5H
@tomselliott Taxing billionaires to pay for everything is the left-wing equivalent of back when MAGA was saying tariffs were going to pay for everything.
@Jason People on this site especially act like left-wing proposals have to be taken literally while every kooky MAGA policy gets a pass as “just populist rhetoric”.
@DanielPriestley This works in some industries but there is no way, for example, a cooperative formed by a bunch of computer science people could get the capital necessary to build AI-training data centres.
I didn’t realize social security has previously been on the verge of running out of money in the 80s or that accumulating substantial assets is actually a relatively new thing.
I for one would like to join Batya in opposing serial cheaters who insult vets and enjoy massive inherited wealth from dad. I'm sure she'll be consistent in this stand. Won't she?