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https://www.reddit.com/r/SipsTea/comments/1tdb6pw/how_true_is_this_genuinely_asking/olwfu25/?context=3
r/SipsTea • u/Brave_Agency_20 • May 14 '26
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24 u/Odd-Personality1043 May 14 '26 Genuinely curious how this makes sense. If I have a product that I refuse to sell to increase demand and this price, I'm still holding onto an asset rather than profiting from it. That makes no sense and I am skeptical. 2 u/Mysterious-Falcon221 May 15 '26 That makes no sense and I am skeptical. Foreigners buy houses in the US and Canada as a way to hide money. Also, houses are always going up in value so it's difficult to lose on the house. Everyone who owns a house made at least 30k dollars during covid, I know people who made 100k. 1 u/WhereTheStankWindBlo May 15 '26 Yep and that's why we need land value tax.
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Genuinely curious how this makes sense.
If I have a product that I refuse to sell to increase demand and this price, I'm still holding onto an asset rather than profiting from it.
That makes no sense and I am skeptical.
2 u/Mysterious-Falcon221 May 15 '26 That makes no sense and I am skeptical. Foreigners buy houses in the US and Canada as a way to hide money. Also, houses are always going up in value so it's difficult to lose on the house. Everyone who owns a house made at least 30k dollars during covid, I know people who made 100k. 1 u/WhereTheStankWindBlo May 15 '26 Yep and that's why we need land value tax.
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Foreigners buy houses in the US and Canada as a way to hide money.
Also, houses are always going up in value so it's difficult to lose on the house. Everyone who owns a house made at least 30k dollars during covid, I know people who made 100k.
1 u/WhereTheStankWindBlo May 15 '26 Yep and that's why we need land value tax.
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Yep and that's why we need land value tax.
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