alt Hacker NewsUS homeowners have increased their net worth like $15 trillion since the start of the pandemic.
Besides, there's this thing called tax incidence and it's not as simple as "tax the billionaires" because it's not clear how that plays out in terms of people's wages or middle class investments.
On the other hand, land value taxes would actually be incident on landowners.
And the US monetary supply has also increased by $15 trillion: https://x.com/KobeissiLetter/status/1695809591047491857?lang...
Therefore devaluing the value of the dollar so that those who had basically steady state income (wage earners) have been completely fucked while the lucky ones had their yachts rise with the tide.