Scale the property tax exponentially based on the valuation of the property. Make sure the wealthy land owners pay more. Much, much more.
thats a good idea. A progressive property tax. I sorta can’t believe it never occured to me and I never saw it mentioned previously. Would encourage affordable housing building I think to.
A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.
Side note, I know nothing about rent control though.
and this increased cost would be passed on to renters
Wrong. Renters are already paying the most the market will bear.
No, it wouldn’t. It would discourage development and would encourage people to let their properties languish to lower their assessed values.
The current system works because generally you do not pay more for more expensive property, you pay a flat rate based on the assessed value. And there are abatement for certain identity and income groups already that serve as a progressive measure. Low income and senior residents most typically get the biggest tax breaks already.
The current system works
It does?
“Threatens.” Oh, they mean “proposes as an alternative.”
Fuckin’ NYT.
Threatened makes him sound way coolerI
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.
Uh doesn’t this just inflict pain on the middle class if it ends up passing?
Does the middle class own property in New York at all? I thought most just rent apartments.
NYC is 5 boroughs a lot of it is single family or 2 family housing.
I ask because l don’t know. From pictures, everything in NYC are buildings… I thought houses didn’t start until long island
It thins out as you get away from the center.
It’s a little bit misleading to refer to as any mayor of New York City as “just a mayor“.
It’s just a tiny little financial capitol of the world with a measley population of only 8.4 million people.
Barely as large as Austria
And what did Austria ever achieve???
Better pass a rent freeze first or that property tax increase will just get passed on to the people who can afford it least.
Rent freezes make landlords only do the bare minimum maintenance required by the law since they can’t increase rents when doing any remodelling.
Lmao how many properties do you own?
Exactly 0
So you do the bidding of a class you don’t belong to? How fucking sad is that.
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.
Do you think billionaires got their money through their own labor?
Jeff Bezos started Amazon and worked to expand it for decades. The company didn’t make a profit for something like 20 years (but kept raising money and expanding). Sounds like labor to me
Do you think the millions of underpaid workers had anything to do with it?
They were paid the wage they signed the contract for. Underpaid scoring to whom?
The difference between the wealth they created and the wealth they received was still the product of their labor, not Jeff Bezos. Do you think Lockheed shareholders got us to the moon, and not ya know, the engineers and scientists?
