• 7 Posts
  • 49 Comments
Joined 2 years ago
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Cake day: June 12th, 2023

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  • I believe it was something like you do the check pulls against one card and use it to pay off another

    This is completely legal and very common, in the US at least, I don’t know why people think it’s some shady thing. It’s called a balance transfer and credit card companies actually advertise low teaser rates for doing it. They want you to do it.







  • Becoming wealthy and staying wealthy is hard.

    I mean first of all, huge disagree. When your money is making money above and beyond what you need to survive, it’s actually difficult to stop being wealthy even when you make giving away your wealth your entire job. Power of compounding.

    Also

    inheritance doesn’t mean anything really

    is an incredibly out of touch statement.

    Second, if the rule applies to all, it would leave a lot of children without the base which their parents worked their whole life for, as they would probably not afford to pay tax on a house they would inherit.

    I think children should be grateful they receive anything at all. This is a nation of rugged individualism, no one should start with a leg up like a free house.

    First - wealthy people just move their wealth overseas

    Well that’s tax evasion and illegal, but you still make a good point. This is the main reason no one is seriously attempting to tax rich people more - they’ll just move their money out of the country. Legality be damned.







  • Firstly, I think your focus on housing is too narrow to solve wealth inequality.

    Second, if landlords are handed a $100 monthly tax bill they tend to increase their tenants rent by $100 a month.

    Third, you ignore the effects this will have on new home construction, which will be SEVERE.

    Fourth, and this is a minor thing, I think when discussing housing policy we should always be trying to disincentivize suburban sprawl snd incentivize density. Having more people own single family homes is not necessarily a great thing, maybe better than having corporations rent them out but not as good as having more dense walkable transit filled urban cores. I’d even go so far as to say that while having people own condos is best, having people rent apartments is still better (on a large scale) than having people own single family houses.