And land value taxes work on both. I mean, unless he wants to live on that yacht and not own any mansions of course. But the land value tax is still going to get him (indirectly) when he pulls into the marina.
I suspect a lot of mansions and compounds would become bank and company owned and the billionaires homes addresses would all be in the nearest tax haven.
It would probably do wonders for all the empty highrises in Boston and NYC, where all the Chinese and Arab oil wealth is stored.
And land value taxes work on both. I mean, unless he wants to live on that yacht and not own any mansions of course. But the land value tax is still going to get him (indirectly) when he pulls into the marina.
I suspect a lot of mansions and compounds would become bank and company owned and the billionaires homes addresses would all be in the nearest tax haven.
It would probably do wonders for all the empty highrises in Boston and NYC, where all the Chinese and Arab oil wealth is stored.