I think it is utopia to compete with investors on price. Sure, you can make it too expensive for them. It will be too expensive for everyone else too.
Why not make property tax cumulative with the amount of property owned and impose a progressive tax here? It would have an equalizing effect on ownership and speculation would be less attractive for those that already own o lot of properties.
Sure, you have to fix a lot of holes to circumvent taxes so that not every company creates a large amount of holdings, but such strategies are a problem with every tax.
To now say a high property tax would scare away investors doesn't sound workable at all.
Why not make property tax cumulative with the amount of property owned and impose a progressive tax here? It would have an equalizing effect on ownership and speculation would be less attractive for those that already own o lot of properties.
Sure, you have to fix a lot of holes to circumvent taxes so that not every company creates a large amount of holdings, but such strategies are a problem with every tax.
To now say a high property tax would scare away investors doesn't sound workable at all.