Avid Amoeba@lemmy.ca to News@lemmy.world · 1 day agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square197fedilinkarrow-up1671arrow-down17file-textcross-posted to: stupidpol@sh.itjust.works
arrow-up1664arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 1 day agomessage-square197fedilinkfile-textcross-posted to: stupidpol@sh.itjust.works
minus-squarezjti8eit@lemmy.dbzer0.comlinkfedilinkarrow-up10arrow-down4·23 hours agoI mean property taxes and wealth taxes are essentially the same thing.
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up9arrow-down1·23 hours agoOnly if the wealthy have their money invested in real estate, right? If they’re invested in stocks and hedge funds and such, then a property tax increase isn’t going to cost them as much as a straight up wealth tax.
minus-squareQuirky Quinn@lemmy.blahaj.zonelinkfedilinkarrow-up8arrow-down1·17 hours agoSomeone owns the property where the factories are built.
I mean property taxes and wealth taxes are essentially the same thing.
Except they’re not.
Only if the wealthy have their money invested in real estate, right? If they’re invested in stocks and hedge funds and such, then a property tax increase isn’t going to cost them as much as a straight up wealth tax.
Someone owns the property where the factories are built.
in NYC?