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leapingdog | 1 month ago

A tax based on property value.

https://www.bbc.co.uk/news/articles/cgjwgzwe2eyo

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antonymoose|1 month ago

I would love to know why it is unrealized gains is such a popular property tax strategy.

hdgvhicv|1 month ago

I’d love to know why people are happy with others making a fortune not through hard work, but through buying land and letting others hard work increase its value.

tom_|1 month ago

Rates are based (at least in principle) on the rental value of the building, making the gain concept irrelevant. The rent would be the same.