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Mina

@Konafets

After a certain holding period (depending on circumstances, usually 3 or 10 years) real estate price gains become totally tax free.

@chowderman @mmm @phneutral

6 comments
Konafets replied to Mina

@mina So you admit, that there is a speculation tax? @chowderman @mmm @phneutral

Mina replied to Konafets

@Konafets

Sure. But it doesn't take the fact away that it is lower than tax on productive income, which sets a terrible incentive for investments.

@chowderman @mmm @phneutral

Konafets replied to Mina

@mina What is this terrible incentive on investment in your opinion?@chowderman @mmm @phneutral

Mina replied to Konafets

@Konafets

Do I really need to explain it again and again?

Are you deliberately trying to drive me into insanity?

If returns on financial investments are taxed lower than those in labour and entrepreneurial activity (which is the case), the latter two need far higher yields to become competitive.

Why would you invest serious money into building batteries or setting up repair shops, if you can just buy real estate or invest in financial instruments, which

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@chowderman @mmm @phneutral

Mina replied to Mina

@Konafets

provide you with nice returns (until bubble burst), but have absolutely no benefit for society as a whole, except for driving up real estate and stock prices, thus feeding the bubble?

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@chowderman @mmm @phneutral

Konafets replied to Mina

@mina I don’t want to drive you in insanity but want to explore the motivations which drives one into promoting this petition.

Thanks for elaborating your thoughts on this topic.
@chowderman @mmm @phneutral

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