They would use proxy owners to stay at 1%. Maybe every employee of the corporation could be “an owner” for taxation purposes.
this post was submitted on 04 Sep 2026
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pass it down to renter
Luckily for the billionaires they don't own any homes, their homes are part of a complex companies, or some bullshit.
All too true - laws are for people who can't afford lawyers.
Home owners would complain about property values because they care about unrealized gains more than a working economy.
Im a homeowner and I want my property value to plummet.
I have no intention of selling this place in the foreseeable future, so all those unrealized gains just makes my insurance and taxes cost more.
Few random gun shots into the ground... Random grafetti... Invite some black/brown friends over...
Get creative and you can lower your property value
I'd go further (current flat rate)^(number of houses owned -1)
Meh I wouldn't go exponentially. I would go 1=1. 2=5-7 depending on size and availability, 3 = 20-150. 4=1500+
To an extent "Homestead Exemption" can do this, if the exemption is a significant chunk of the taxable value - which it has been at some times (my first house's HX was 50% of its taxable value), and not so much at other times (we're at about 10% now)....
So, if you've got 50% homestead exemption, you only get that on your first home and you pay double taxes on others. But, if you're playing in the 10% bracket that's basically in the noise.
we should break out the guillotine while we're at it and solve the rich cunt problem
Or just ban mega corps from buying housing stock. It's not difficult to enforce.
That being said, at least where I'm from, the biggest cause for expensive housing was bad zoning laws + suddenly increased demand due to immigration.
The government laxed zoning laws while (seemingly) temporarily reducing immigration. This has caused housing prices to drop quite a lot
What’s a mega corp? Lots of billionaires don’t have all their money in one big company, they spread it out over many small companies. They have friends and family members and trusts to spread the ownership around.
Or just ban mega corps from buying housing stock. It’s not difficult to enforce.
When the mega corps own the legislature and the courts it's pretty difficult, when they own the executive branch then they de-facto will not have anything enforced upon them.
Me too! I’m in Austin