Had dinner with a friend last night who is being hit with the pied a terre tax and was fine with it because it’s cheaper than paying NYC/NYS income taxes, illustrating why property tax is the best form of taxation - income is mobile, real estate is not.
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As usual, the contrary comments below always give great examples of why property taxes are the best form of tax.
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Yeah that works if you have an income but let’s say you’re a retired couple who owned a home moved to Florida for most of the year but kept your house so you can come visit your kids and queens that you paid off 15 years ago from your union job. That doesn’t work so well does it
Pied a terre tax hits improvements as well as land and acts as a pigouvian tax on substantial housing consumption, it's a decent tax but pretty far from Georgist LVT
You have to pay Property tax whether you have the money or not, Someone who loses their job still has to pay. Income tax if you dont earn you dont have to pay
He must have insane income then. Not great for people who bought a long time ago or saved up for a place. Regressive tax in disguise.
Assuming your goal is to shunt the maximum amount of money to the NYC kakistocracy.
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What hits me about the Lesbian Bar is that the outrage weirdos aren't protesting bars without mask mandates. They antagonize and abuse this particular bar owner bc they can access her and bc she cares. They are sending a message that no one should ever even try to appease them.
