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.
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.