imchasingentropy t1_j8nmeo0 wrote
Reply to comment by munchingzia in What can I do about exorbitant rent increase? I know all municipalities have their own laws regarding rent increase, but who do I contact? by AhoyGoFuckYourself
Simple, set a national tax on rental income over a certain percentage of rental cost. For example, if a rental property costs $1,000/month for mortgage/taxes/etc, allow landlords to charge up to $1,200/month with standard taxes. Anything above $1,200 is taxed at 90%.
It's the basic solution to most problems of wealth inequality in this country, except the rich own this country, so it won't happen.
munchingzia t1_j8nnken wrote
it wont happen cuz at that point its not worth the trouble, and then youre back at square one.
imchasingentropy t1_j8no1g4 wrote
See that's why we need massive taxes on massive profits. People will still provide a service for a fair profit, it will just keep people that are greedy out. This idea that business will dry up if people can't become insanely rich is a lie that doesn't play out in any other developed nation with sensible tax laws.
munchingzia t1_j8npge3 wrote
i wouldnt rent out part of my house for a measly $200 thats just me. Its not worth my time or the hassle.
and pls explain to me how im making a profit if my mortgage + taxes are 3000$ a month? theres no profit in it, its just being used to cover costs.
imchasingentropy t1_j8nq6sk wrote
To answer your first point, good. You're obviously the type of person that would not be a good landlord. The tax works.
To your second point, I clearly used $1,000 as an example. So if your actual costs were $3,000, maybe $3,600 would be fair.
I'm going to stop responding because I get the real feeling that you're not interested in actually considering solutions to this crisis, but simply want to justify your own greedy thoughts. Take care friend.
munchingzia t1_j8nrm5r wrote
Nice job taking the high road. Make a bunch of assumptions, and hit the road. Nice strategy.
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