Avid Amoeba@lemmy.ca to News@lemmy.world · 23 hours agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square75fedilinkarrow-up1554arrow-down13file-text
arrow-up1551arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 23 hours agomessage-square75fedilinkfile-text
minus-squarezjti8eit@lemmy.dbzer0.comlinkfedilinkarrow-up4arrow-down3·10 hours agoI mean property taxes and wealth taxes are essentially the same thing.
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up5arrow-down1·10 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.
I mean property taxes and wealth taxes are essentially the same thing.
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.