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Comment by bsder

The "problem" is that we let people claim the "rent" is X for certain people and "Y" for other people--both at the same time. Just stop that.

The "solution" is that you should have to pay tax on what you claim the rent is after a small grace period (Less than 24 months certainly. Probably less than 12 or at least prorated starting before that.).

If your financial agreement requires and claims that the rent is $5000, no problem! Then the tax authority should expect to receive the tax revenue they would expect if someone was actually paying $5,000 in rent to you. If you want to leave the space vacant even after paying the tax on the revenue--have a blast.

That would short circuit all the financialization shenanigans.

parent bsder 4 months ago

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