[kriskrunch]

The article specifically discussed the income EARNED by the evil landlord. Which is taxable income. The income generated by property value is taxed when sold.

In most states there are annual property taxes based on it's value. Those go to schools, roads, and whatnot.

Here in California we have statewide rent control, in LA there is a seemingly never ending eviction moratorium...

Hell, I sold my house a couple of years ago to RENT in a better area because it's cheaper and easier! Let the evil landlord deal with all of the headaches. It's a pain in the neck I don't need.

Rentiers are taking on great risk and responsibility, especially in socialist states like California. They deserve the reward. Often, rentiers that own large complexes like those discussed in the article are groups. Not single individuals. It's a stressful business. Have you personally dealt with code enforcement actions?

What good is wealth if it's just on paper?