No reason not to do this across the board
droopy4096 ( @droopy4096@lemmy.ca ) 18•10 months agocombined with idea of progressive property taxes: https://www.reuters.com/markets/deals/canadas-competition-bureau-ordered-pay-nearly-10-mln-rogers-shaw-2023-08-30/
tax high value properties and use money to help less privileged
pbjamm ( @pbjamm@beehaw.org ) English1•10 months agoThe problem with taxing High Value Property is what happens when Single Family Homes hit that value? If the value of my house skyrockets while I am living there then I can end up losing it do to a massive hike in my taxes.
CrabAndBroom ( @CrabAndBroom@lemmy.ml ) 1•10 months agoI’d assume that as single-family homes rise in value other properties would too, so maybe the limit would just need to be adjusted fairly often? IDK I’m not a tax person.
OR, maybe it could just apply to additional properties? Like you get one free so a family home is safe, but every additional property you own gets a tax slapped on it or something like that?
pbjamm ( @pbjamm@beehaw.org ) English1•10 months agoI bring this up because California implemented Prop13 in 1978 to address similar issues and it had mixed results.
I agree with the idea of taxing secondary properties at a higher rate. But that could also have the unintended consequence of driving up rents and landlords look to recoup that money.
Em Adespoton ( @adespoton@lemmy.ca ) 18•10 months agoThose who got the payment did not spend more money on “temptation goods,” spent 99 fewer days homeless, increased their savings and spent less time in shelters which “saved society” $777 per person, according to a news release from UBC.
Is that gross or net savings? That is, is the $7500 included and there was a net savings, or was there a net cost of $6723?
miniu ( @miniu@beehaw.org ) 7•10 months agoThis might be related to amount of money given. People usually give something like 5 dollars and are surprised that a person doesn’t save, just spends on temporary pleasure.
Thisfox ( @Thisfox@sopuli.xyz ) 6•10 months agoWhat an awful website, popups and videos all over the sodding place. Great story, no content, the headline says all. I would call this feral clickbait. Like the idea though.
library_napper ( @library_napper@monyet.cc ) 3•10 months agoDid they spend it all on rent?
kent_eh ( @kent_eh@lemmy.ca ) English5•10 months agoSome also spent it on food and clothing.
Others saved some of it .
yeehaw ( @cyberpunk007@lemmy.ca ) 1•10 months agoI heard they spent it all on tent.
… I’ll see myself out.