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Joined 1 year ago
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Cake day: June 17th, 2023

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    1. Maintain a central registry of who owns what housing and who lives there (necessary for the policies below). This can be used to audit abuses
    1. Raise property taxes on vacant housing
    1. Introduce a new yearly anti-speculation tax that depends on the owner of the unit:
    • Canadian citizens: 0%.
    • Permanent residents and people with work permits: 0%.
    • Companies established in Canada:
    • Single-family dwelling: 5%.
    • Dwelling between two and 6 units: 2%
    • Housing with more units: 0%
    • All other assumptions: 10% <-- this includes foreign investors

    Why all this bureaucracy? We can simply just shift property taxes to land value taxes. Much more equitable and it would disincentivize speculation and incentivize density. You only need to know who owns which parcel of land so its much less bureaucratic.