Wikipedia suggest the UK is "discussing" implementing it.What, you don't alreaddy tax land ownership ?
So I can be wrong but: no.
Wikipedia suggest the UK is "discussing" implementing it.What, you don't alreaddy tax land ownership ?
And what underutilized resources would this open up?Uhrm, no, nobody ever suggested such a system. An unrealised gains tax would make that completely redundant.
If the tax disincentivised people from buying/hoarding properties solely as receptacles to hold tax-free wealth, then it would free up housing, business space, and land.And what underutilized resources would this open up?
Big business taxes aren't only unrealized capital gains taxes, which is the subject we are discussing. Got any "experts in taxes" saying unrealized capital gains tax would be a good thing?You've just chosen a commentator that agrees with you, that's all. That's not "experts in taxes". If I showed you an economist or financial nonprofit saying big business taxes should rise (and there are plenty), you'd immediately dismiss it.
I brought up several specific points they made, and they were bunk. Now you can't point to one you'd credit. Do you have any thoughts of your own?
Seems the fall of the coalition has been averted. Still just a matter of time really. This has not been the first time the coalition was so engaged with infighting they were on the verge of falling, and it won't be the last.Fragile Dutch government teeters as minister resigns and Geert Wilders rages
Leaders of the Netherlands’ four governing parties are set to hold urgent talks Friday as turmoil builds in The Hague over response to football violence.www.politico.eu
It’s so SCHOOVER!
is what I’d like to say but I see this ending with a wimper. At the end of the day no one wants new elections. Least of all NSC which manoevered themselves into a position where everyone hates them. Those not aligned with the far and hard right hate them for abandoning all principles to make this coalition happen, and everyone with a stake in this coalition hates them for the vestiges of their morals requiring the other parties to compromise their far/hard right ideals to keep NSC on board.
It’s no better for Wilders. New elections give him some chances but much more risk. MAYBE they’ll get a hard right majority and Wilders becomes PM but PROBABLY they need another party and no one wants to work with him after what happened.
Or the VVD of which the leader put much of her own political reputation on making a hard right government happen. It failing so quickly and chaotically would weaken her position.
Your government falling again, eh? Yeah, can relate. Tho of course, we are doing our thing were it takes forever to get to the actual government part.Seems the fall of the coalition has been averted. Still just a matter of time really. This has not been the first time the coalition was so engaged with infighting they were on the verge of falling, and it won't be the last.
A bit of context. The strong government reaction against the Islamic community as a whole(and not just the rioters) was a strong cause for this, but not the only one. Apparently another issue that played a part for the politician to resign was that in the government itself the politician all speak in wildly racists terms against each other.
In terms of optics its not exactly a great look that the government freely vents their racism when they think that no one is looking, and that its one of the rare politicians of Moroccan descent, rather than the racists that has to go resign over it.
It's telling that every recent proposal to cut veterans' benefits has come from Republicans. It's because they love the military (since it makes them feel "tough"), but they despise the troops (because they have this nasty habit of coming home wounded and costing money, instead of conveniently dying "over there").
The biggest reason why there is a lot of countries, states and cities that are in debt is due to suburbia. All sevices like new or replacement water pipes, electricity or roads costs a lot of money and is cost effective if people live in dense areas.If the tax disincentivised people from buying/hoarding properties solely as receptacles to hold tax-free wealth, then it would free up housing, business space, and land.
But more directly, it would ensure that such assets are at least generating income for the treasury.
Come on. Give them credit. Those who survive with no injury are the good strong soliders. Anyone who got injured was clearly the bad weak onesIt's telling that every recent proposal to cut veterans' benefits has come from Republicans. It's because they love the military (since it makes them feel "tough"), but they despise the troops (because they have this nasty habit of coming home wounded and costing money, instead of conveniently dying "over there").
Again, you're justifying property taxes, specifically with regards to real estate. Those are different than a wealth tax or an unrealized gains tax, they are targeted at specific forms of property to create incentive structures around owning those things, like you say. When someone says they want to tax unrealized gains, they are saying things like "this person's net worth grew from $10 million to $20 million, we should tax the difference right away", and even setting aside the real downsides of that suggestion, it's never going to create the sort of incentive structure you're describing because it's agnostic to what form that wealth takes on.If the tax disincentivised people from buying/hoarding properties solely as receptacles to hold tax-free wealth, then it would free up housing, business space, and land.