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Opinion | Bank of Canada’s fight against inflation is a war on workers
(www.thestar.com)
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this post was submitted on 12 Jul 2023
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This hurts regular people far worse than the upper class that has spent 3+ years hording and acquiring assets. They're trying to fix inept government policy on the backs of the labour that allows the country to function rather than having the hording class pay a fair share to sustain society.
Property taxes should increase exponentially with each additional property you own. Double or triple for corporations. That will do a large part to fix our issues, but the government will only enact policies favourable to the landowners.
I agree but it can be difficult to enforce... Just registered the property to a shell company, your spouse, children, etc.
Prevent companies from owning housing without having the increased taxation. Treat married couples as a single unit (this may be problematic with separated couples?). I don't have a good answer for children except that then you are effectively gifting all your kids and relatives a house. So if THEY want to buy their own, different house they pay increased taxes or sell the previous. And that prevents one person from owning dozens of properties; divesting them to their children. Which really means if your goal is to property horde you need more kids...which is a very weird incentive to be sure.