Could a vacancy tax solve Australia's housing crisis? Canada might have the answer
www.abc.net.au
In 2018, Canada's British Columbia introduced a tax against vacant homes. Three years later, more than 20,000 rentals were back on the market.

My first instinct is “yes” but then I thought about it and I think it’s just going to exacerbate the short-stay problem unless combined with other measures.

  • w2qw@aussie.zone
    3·
    1 year ago

    Yeah that single tax movement has been around since the 1880s. Replacing all other taxes is maybe a bit extreme but pretty much all economists suggest increasing land taxes including our own Henry Tax review.

    However, completely retarded in the digital age. Productivity does not require land anymore.

    If this was the case land wouldn’t make up the majority of “wealth” and we wouldn’t be having a housing crisis.

    • DogMuffins
      1·
      1 year ago

      True, increasing land tax is a great idea.

      Property is valuable but generally we don’t tax wealth, only production.