this post was submitted on 06 Nov 2023
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Te Wai Pounamu / South Island
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Increase the tax by 1% per home, so if you own 101 homes, 101% tax.
Exactly. Make it financially impossible to own that many homes, or atleast make it a money pit. If your a billionaire, I guess you could conceivably do it, but it wouldn't be worth it.
The alternative is that we cap it at like 30% or something. It'd still be stupid expensive, and wouldn't be worth it as an investment or passive income anymore.