Avid Amoeba@lemmy.ca to News@lemmy.world · 2 months agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square238fedilinkarrow-up1809arrow-down17file-text
arrow-up1802arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 2 months agomessage-square238fedilinkfile-text
minus-squarezjti8eit@lemmy.dbzer0.comlinkfedilinkarrow-up12arrow-down5·2 months agoI mean property taxes and wealth taxes are essentially the same thing.
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up12arrow-down1·2 months 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 months 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.