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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

376 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] JasSmith@kbin.social 1 points 1 year ago (3 children)

I argued that the solution is both, not one or the other. You provided me an example of an extreme in the other direction. I also think libertarianism and anarchy does not work. Please re-read my comment.

I think the solution lies somewhere between government and markets.

[–] tracyspcy@lemmy.ml 2 points 1 year ago

Countries which prevent markets from operating efficiently tend to do really poorly over time. The more authoritarian, the worse they perform.

In general it means less government control over the markets. And less means libertarian concept (see article again). If you mean something in between , there is need in very detailed scale to find difference between current regulated markets, non regulated markets (libertarian nonsense) and balance that you want.

[–] archomrade@midwest.social 2 points 1 year ago

You're really going to have to define your metrics for "tend to do really poorly over time".

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

libertarianism... does not work

I get the point about anarchy (power vacuum arguments apply across implementations), but libertarianism is such a huge category that I'm not sure what you're getting at. Libertarianism isn't an economic system, there are socialist and capitalist extremes. It's also not a government structure, it houses both anarchists and bigger government ideas.

It's a philosophy that values the principles of individual liberty and non-aggression first and foremost, and everything else is discussed on those terms (I.e. how can we solve the problem with more liberty). There are different views about property rights, validity of certain types of taxes, etc, so you usually can't generalize unless you believe we need authoritarianism or something.

If you could be more specific, we could probably have a constructive conversation.