I think this is maybe a tad extreme. There should definitely be diminishing returns for each additional single family home rented, but I propose something like an additional 20% per. So, 20% for the 2nd, 40% for the 3rd, 60% for the 4th, 80% for the 5th, etc. Nobody needs to own more than six single family properties.
My proposal, however, also includes that when we catch some asshat inevitably inventing shell corporations and LLC’s attempting to evade this, as if we couldn’t see that coming a mile off, we don’t tax or fine them.
I think this is maybe a tad extreme. There should definitely be diminishing returns for each additional single family home rented, but I propose something like an additional 20% per. So, 20% for the 2nd, 40% for the 3rd, 60% for the 4th, 80% for the 5th, etc. Nobody needs to own more than six single family properties.
My proposal, however, also includes that when we catch some asshat inevitably inventing shell corporations and LLC’s attempting to evade this, as if we couldn’t see that coming a mile off, we don’t tax or fine them.
Instead, we put them in jail.