- cross-posted to:
- news@lemmy.sdf.org
- cross-posted to:
- news@lemmy.sdf.org
cross-posted from: https://sh.itjust.works/post/55502152
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Scale the property tax exponentially based on the valuation of the property. Make sure the wealthy land owners pay more. Much, much more.
Communism is fun until there is no more someone else’s money for free handouts.
I adapted it but it’s still valid I guess.
Expect companies to flee the state just as happened in LA.
Where do you think those billionaires got their money?
spoiler
Its all Someone Else’s Money
New York as a whole has ridiculous taxes because of insane police budgets and corruption allowing stuff like ambulance companies charging the state 3K/trip for non-emergency weekly dialysis visits.
Which is weirdly similar to California which you’d think was a communist utopia the way rightwingers talk about it.
If I sell you a thing, it’s no longer your money, it’s my money. You get a thing that is now your thing.
Problem is by now, I don’t get that thing anymore. i get a freaking licence to use it for some time, and when you decide I don’t own that licence anymore you got my money and I have nothing
Then purchase said thing if you don’t like it
Why not both?
Because a property tax hike only hurts the middle class
You have fallen for propaganda, this simply isn’t true.
Please enlighten me how a property tax increase doesn’t hurt the middle and lower class disproportionately. I’d love to hear this.
Someone replied fifty minutes ago with an answer. You have no interest in learning why you’re wrong, stop pretending to give a shit.
For everyone else, in NYC the middle class disproportionately rents. It is the wealthy who own.
the middle class disproportionately rents. It is the wealthy who own.
Just like every other cost related to owning and maintaining a rental: property taxes get passed down to renters.
This tax hike disproportionately affects middle and lower class individuals.
No, this is just what the landlords say, like how they say raising wages would impact jobs. It’s just not true. Landlords already charge the maximum people are willing and able to pay, they can’t really pass those costs on. Just like how in fact companies hire based on how many employees they need to fulfil their contracts, and it’s only affected marginally by the wages.
When a cost goes up for all owners at once, this leads to everyone raising rent prices at the same time. There is no opportunity for a renter to jump ship to a cheaper property, they all went up. The maximum changed.
Yes, this will price out many people from being able to afford housing.
This is how you do it when you’re serious about achieving what you promise for your constituents. Use your tools as needed, demand cooperation, when you don’t get it, use your tools as leverage. Even if you fail, people see you did what you could and then they’re ready to punish whoever stood in your way at the ballot box. This is why the oligarch class is so afraid of Mamdani who’s just a mayor.
I’m a NYC resident, and I pay property taxes. If this is the stick that will (hopefully) get us the carrot of a wealth tax, I’m all for it. If property taxes end up going up, and we can use it to make the city better with the services Mamdani wants to get going, well then let’s go. I will figure out how to pay the additional taxes somehow. With that said, let this be a bargaining chip. Working with the rest of NYC’s political class is like a bunch of toddlers. The best thing you can do is give them two options, one you want (which they won’t like) and one you don’t want (which they really won’t like). And make them pick. So they feel like they have agency, it’s their decision, don’tchaknow?
Don tchak now
Don Tchak never! The dude is completely corrupt, and I hear he has some very nasty sexual proclivities.
edit: whoooooosh
