East Bay DSA outraged at attempt to tax millionaire homeowners because they are almost certainly composed of millionaire homeownerspic.twitter.com/ZPV8JhcCfs
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"No John...you ARE the capitalists" And then John was a Republican.
Everyone how makes one dollar more than they do is a greedy capitalist and deserves massive taxation, while they as mere owners of multi million dollar properties are solidly working class.
The pigdog capitalist lackeys always earn at least 25k more than me ;_;
"what do you think your property is, if not capital?" If it's where you live it's not capital, or shouldn't be. That home ownership is routinely expected to be used as capital is just another systemic problem with this country. BTW this is not in support of the DSAer quoted.
DSA smol business caucus
Capital is what is used to produce goods and services; unless you're a landlord, a home is not capital. I mean, they shouldn't be whining about property taxes, but your home is NOT capital.
Land is a required input of every good (including shelter) and service humans have ever created. Anyone who owns land owns capital.
This is completely false reasoning. While generic "land" is an input, it is not a required input for services, nor is all land usable for industrial or commercial purposes. Finally, just because it "can" be used as capital does not mean that it *is* capital.
What service has ever been provided without land inputs for the education, tools and workplace of the service provider? It is true that some land isn't worth much, if anything. In those cases, the owner doesn't possess much capital.
You've missed the point entirely and utterly failed to address anything I said. All life requires oxygen; having oxygen doesn't mean you've got life nearby, nor do you even have a meaningful input for it. Land is not capital--capital is used to work land, in economics.
Personal property is not necessarily capital, especially if it is simply used as a residence. That being said, the DSA response here is bad.
So they'll swear that their inflated home equity is not capital. Yet I don't see them clamoring to adopt BMR resale restrictions on their investment assets, err I mean "working class multi million dollar homes"
Land
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