Replying to Avatar Eluc

We are voting for/against that this weekend in Switzerland, every party are for it, it will be a tough battle. Cross your fingers for our soul!

We also vote for removing tax for home owner and tax deduction for morgage interest, this would favor the ones rich enough to pay back their morgage faster but would also relief housing market buying pressure by making high leverage mortgage less attractive, which could be good if it works but foreign money could continue to flood the market because of other fiat failling on them, so it's a risky bet.
65
umni 3mo ago

Sounds good at first but effectively your subsidizing private home ownership and sales.

When a business builds a house it instantly enters a market where it is competing with private homeowners who are given huge discounts. Practically subsidies if you consider taxes unavoidable. When you do the numbers, it can be op to a 40% disadvantage.

It can be barely profitable at times.

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65
umni 3mo ago

If taxes were about funding government they would be efficient, like a simple 10% sales tax nothing else. That is the problem taxes are not for funding governments they are for manipulation.