lost me at taxing rental income being the solution. Many middle income families use rental income to replace financial products for retirement as wall street has become a swamp of fraud. There needs to be a balance between mom-and-pops rental income and corporate rental income for this to serve the purpose it is being sold as.
I don't think I discussed rental income. I searched the article just to make sure! I discussed taxing wealth above $50M, not my own idea but citing other sources. Agreed, additional taxes on rental income is a bad idea. unless it's above some threshold (e.g. the sort of return Blackstone makes).
Well let me walk back my comment. I'm at a loss for where I saw that. I even went back through all the links in the article to see if I accidentally navigated away and picked it up there. Can't find it. I've been reading your work for a decade and rarely did I ever see anything I didn't agree with, so even posting this was a hard choice for me. Since I don't want to feel crazy, I'll just chalk it up to a matrix patch ;)
I do appreciate you Ellen Brown. I appreciate truth and when I look for it, often I see you.
As in any solution details matter. The threshold for taxation of rental income of necessity needs to be graduated so mom and pops are not taxed but large corporations that have tens of thousands of rentals are highly taxed. There are ways to provide housing to the multitudes and still maintain the struggling middle class. One of the ways the oligarchs maintain their power is to promote the idea that private property is the anchor of the middle class while at the same time destroying it by manipulating the housing market through private banking. It is no mistake that the percentage of home ownership has shrunk since 1980 as the concentration of home ownership has concentrated.
lost me at taxing rental income being the solution. Many middle income families use rental income to replace financial products for retirement as wall street has become a swamp of fraud. There needs to be a balance between mom-and-pops rental income and corporate rental income for this to serve the purpose it is being sold as.
I don't think I discussed rental income. I searched the article just to make sure! I discussed taxing wealth above $50M, not my own idea but citing other sources. Agreed, additional taxes on rental income is a bad idea. unless it's above some threshold (e.g. the sort of return Blackstone makes).
Well let me walk back my comment. I'm at a loss for where I saw that. I even went back through all the links in the article to see if I accidentally navigated away and picked it up there. Can't find it. I've been reading your work for a decade and rarely did I ever see anything I didn't agree with, so even posting this was a hard choice for me. Since I don't want to feel crazy, I'll just chalk it up to a matrix patch ;)
I do appreciate you Ellen Brown. I appreciate truth and when I look for it, often I see you.
The country is being sold right out from under us to foreign real estate speculators.
As in any solution details matter. The threshold for taxation of rental income of necessity needs to be graduated so mom and pops are not taxed but large corporations that have tens of thousands of rentals are highly taxed. There are ways to provide housing to the multitudes and still maintain the struggling middle class. One of the ways the oligarchs maintain their power is to promote the idea that private property is the anchor of the middle class while at the same time destroying it by manipulating the housing market through private banking. It is no mistake that the percentage of home ownership has shrunk since 1980 as the concentration of home ownership has concentrated.
The country is being sold right out from under us to foreign real estate speculators.
we are of a similar mind.