The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

  • mufasio@lemmygrad.ml
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    1 year ago

    Just tax any home other than your primary residence at 100% of the assessed fair market value per year. Hell, make it 100000%. This includes apartments, condos, townhomes, mobile homes. It would solve a lot of problems real quick. Some “real estate moguls” might have to find a real job for once in their life but it will be good for them. I hear they like to hustle.