Avid Amoeba@lemmy.ca to News@lemmy.world · 3 days agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square238linkfedilinkarrow-up1805arrow-down16file-text
arrow-up1799arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 3 days agomessage-square238linkfedilinkfile-text
minus-squarezjti8eit@lemmy.dbzer0.comlinkfedilinkarrow-up12arrow-down5·3 days agoI mean property taxes and wealth taxes are essentially the same thing.
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up12arrow-down1·3 days 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.
minus-squareQuirky Quinn@lemmy.blahaj.zonelinkfedilinkarrow-up10arrow-down1·2 days agoSomeone owns the property where the factories are built.
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.
Someone owns the property where the factories are built.
in NYC?
Except they’re not.