Avid Amoeba@lemmy.ca to News@lemmy.world · 13 hours agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square99fedilinkarrow-up1429arrow-down11file-text
arrow-up1428arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 13 hours agomessage-square99fedilinkfile-text
minus-squarePyr@lemmy.calinkfedilinkarrow-up14·2 hours agoAre there middle class property owners in New York city? I feel like middle class would all be renters there and upper class wealthy the only actual owners.
minus-squareRamRabbit@lemmy.worldlinkfedilinkarrow-up4arrow-down1·1 hour agoProperty taxes get passed down to renters. Just like every other cost related to owning and maintaining a rental.
minus-squareEnsign_Crab@lemmy.worldlinkfedilinkEnglisharrow-up2·43 minutes agoDo you suppose a wealth tax wouldn’t also be passed on to renters? Should we just not tax the rich at all since they’ll just pass the cost on to their tenants?
minus-squarexSikes@feddit.onlinelinkfedilinkEnglisharrow-up7·2 hours ago^ this. This is the NYC situation
Are there middle class property owners in New York city?
I feel like middle class would all be renters there and upper class wealthy the only actual owners.
Property taxes get passed down to renters. Just like every other cost related to owning and maintaining a rental.
Do you suppose a wealth tax wouldn’t also be passed on to renters? Should we just not tax the rich at all since they’ll just pass the cost on to their tenants?
^ this. This is the NYC situation