> But this just does not feel right. It feels like tyranny of the majority.
It's not tyranny. It's just democracy. Asset owners get lots of tax deductions, capital gains benefits and other goodies because they are the majority who voted it for themselves.
> Ordering them to decrease the rents is not that different from confiscating part of their property.
There have been rent stabilized apartments in new york for decades now. It's nothing new and it's nothing like confiscating property.
It's not tyranny. It's just democracy. Asset owners get lots of tax deductions, capital gains benefits and other goodies because they are the majority who voted it for themselves.
> Ordering them to decrease the rents is not that different from confiscating part of their property.
There have been rent stabilized apartments in new york for decades now. It's nothing new and it's nothing like confiscating property.