'Mansion Taxes' Are a Terrible Solution to Expensive Housing

It’s a well-established tradition at all levels of government that when the traditional sources of revenue dry up, government officials tend to come up with increasingly hare-brained alternatives. As cities continue to seek new ways to replace lost revenue in the wake of the urban flight that took place during the pandemic, we’re seeing that trend play out — one growing example of this is so-called “mansion taxes.” 

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