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To everyone who hates the concepts of landlords and rent, what counts as being a landlord? (sopuli.xyz)

submitted 7 months ago by tkk13909@sopuli.xyz to c/asklemmy@lemmy.ml

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Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

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[–] Silentiea@lemm.ee 9 points 7 months ago (6 children)

I mean we could start taxing capital gains as income, except no we can't because that would never happen.

[–] RememberTheApollo_@lemmy.world 3 points 7 months ago (5 children)

Capital gains shows up when you sell. Rental income is taxed as income. Anyone who sells a home, primary residence included, will pay capital gains on any increase in value (deprecation aside) depending on how long they’ve owned the property.

If you just go after capital gains as income, you’re also going after people’s savings and retirement accounts. Not good.

So yeah, people pay taxes on income from and selling a rental.

You’re not going to get what you want by going this direction, and it’s not a good idea.

You need to prevent corporate ownership of and squatting on residential properties. These giant corps create artificial scarcity and fix rent prices, and because they’re corporations, can avoid much of the taxation you and I see. That’s the real issue. Not some guy who owns a couple houses and rents one out.

[–] darthskull@lemmy.ca 4 points 7 months ago (3 children)

If you just go after capital gains as income, you’re also going after people’s savings and retirement accounts. Not good.

Unless you just make the tax progressive, like any sane system. It can start at 0 for the average retirement savings amount of capital gains and just go up once you start reaching crazy amounts of wealth

[–] Silentiea@lemm.ee 2 points 7 months ago

If only there was a single chance in hell of making it happen, yeah.

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