I doubt it would be popular but taxing owners equivalent rent instead of income would benefit the economy long term and keep rents and house costs more aligned and prevent harmful land speculation. I'm sure minor economists like Adam smith and Ricardo would agree
I doubt it would be popular but taxing owners equivalent rent instead of income would benefit the economy long term and keep rents and house costs more aligned and prevent harmful land speculation. I'm sure minor economists like Adam smith and Ricardo would agree
We used to have this in the UK. Erm, Schedule B? Tax on income equivalent of rental value of owner occupied or some such?
Then it vanished and the real economy for the 90% of people vanished with it.
Top 1% have their yachts though so it balances out MMT and GDP wise...