Again. The mansions don’t fall from the sky, they are built. Not every mansion has already been built. Why are you acting like people only buy pre-existing mansions?
You didn’t give any specific example. You just keep repeating “but the mansions are already built”, while mansions are being built right this second. If you want to introduce a specific scenario, you can’t just expect the other person to read your mind, you have to do it.
Yes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
When do you think the last mansion was built?
How’s that relevant to my question? It’s not. But I’ll give you the answer, as it seems you’re struggling hard - you can’t split ones wealth. The end.
Again. The mansions don’t fall from the sky, they are built. Not every mansion has already been built. Why are you acting like people only buy pre-existing mansions?
What are you talking about? Mmm? I gave you a specific scenario, why are you trying to move goalposts? You lost your argument, just shush now, kid.
You didn’t give any specific example. You just keep repeating “but the mansions are already built”, while mansions are being built right this second. If you want to introduce a specific scenario, you can’t just expect the other person to read your mind, you have to do it.
I did ask about a specific scenario. If you people can’t comprehend the English language, it’s not my fault. Stop skipping school.
Yes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
You can’t tax wealth. It never works.
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.