1096
Source: Oxfam
this post was submitted on 17 Jan 2024
1096 points (99.0% liked)
Work Reform
9991 readers
107 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That doesn't really solve anything. As long as there is profit to be made, people will horrendously abuse it. That's not something we want when were in the middle of a homeless crisis yet we have more than enough empty housing for them.
Maybe once everyone's basic housing needs are met we can talk, but until then no.
Individuals owning a single rental property aren't really the problem here. Many individuals and small groups own dozens of LLCs and REITs each with their own residential properties. Many corporations own multiple thousands of residences.
Freeing the residences from the clutches of the corporate interests would make such a huge impact that the real estate prices would normalize. At least temporarily.
My point wasn't that you can't have a rental home, it's that you shouldn't stop the increase in tax rate at 3. If you want to try to have a 4th or 5th you can, you're just going to be paying an exorbitant property tax rate to the point where viewing real estate as an investment is moronic.
I think you misunderstood /u/HappyCamperNZ's comment
I think you're misunderstanding my point. Frankly the terms "investment" and "housing" don't belong near each other in the first place. "Making it similar to other Investments" is still putting those two words way the fuck too close to each other.
Nobody cares if you're renting out Grandma's house to pay for her nursing home currently (even though that's an entirely separate problem that absolutely needs addressing). That's not what the majority of rentals are.