this post was submitted on 26 Mar 2025
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It's a compromise, from the before times when one could assume people elected to their public positions where attempting to do those jobs in good faith.
The idea would be to give everyone something they want so that everyone could agree and actually get something done.
In this case, the house hoarders don't immediately lose the resources they've hoarded, and instead get charged for the damage they're doing to the economy. Ideally that money goes towards housing the poor, but that's a side effect.
The point would be to make house hoarding non-viable as an income source, incentivising the hoarders to un-hoard.
Sadly, it wouldn't do either without a much higher tax, which would never get agreed to
Nowadays it's just a pipe dream that the money'd power wants to compromise on anything.
The Welsh (or some Welsh councils?) have already done it. Although the problem there is more with holiday homes people buy and leave empty most of the year. It's fun to read people complaining that they have to sell it. Yes, that is the point.