Would this substantially drive down the price of high-end property? Yes.
Good.
Posts by Ben Phelps
This is an actually effective wealth tax. And remember, taxes are mainly there to control and shape the economy.
If you can afford a $15 million second home in Manhattan you can probably afford a paltry $3 million a year property tax bill.
Punitive property tax on multimillion-dollar second homes in Manhattan is a great idea and California should reform prop 13 to also do this.
I don't really think the tax could be too high on a $15 million second home in Manhattan. 20%? If you don't want to pay it show it's your residence.
Anyway here's a more fleshed out explanation but Cal Newport is right www.nytimes.com/2026/03/27/o...
Log off. Ban social media. I'm serious.
I'll post the articles here (it's going to be about Shostakovich, what??) but like it's really amazing the damage social media has done to my brain functioning.
We need to fix this.
Anyway starting up the blogs (substacks) for content as part of the self declared Slow Internet movement. Maybe only 1 or 2 people will read. But like I can't participate in this madness anymore even if I'm right.
I definitely learned a lot from my decade long Twitter / Bluesky binge that I wouldn't have thought about otherwise so I don't know what to think about that, like I'm more intelligent in some way. But at what cost? It's done great damage to my ability to think in other ways.
Anyway I'm on my own journey to leave here, which is basically the only site I post on in any addictive manner, and I've made it a month because even this is toxic. I thought I needed it for my career. Maybe it helped me. Not that much though.
It's really hard because I do have a lot to say about ... so many things. Real things. Important things. But this medium does not work, if for no other reason than it destroys you. We''re not built for it.
I have not posted on social media for more than a month and I'm finally getting my brain back, it's quite amazing. It's been a long process. I think we all need to realize we're not built for this.
Thou shalt not build a machine that thinks as a human.
Important to note that the bipartisan abundance housing "supply bill" is now a housing killer and must be opposed
jesus
Sun Tzu (D-NY) - “When your enemy is making a mistake, fix it for him at great cost to yourself.”
In Montreal, bracing for the storm of the century apparently
So Ron Johnson's attempted defense of his war powers vote on NPR this morning is something else. He basically said we can't vote on the war, it's too unpopular.
If the Washington Post story above sounds like PR for Anthropic, that's because it is! Amazon has invested billions of dollars in Anthropic. Jeff Bezos, of course, owns both the Washington Post and Amazon.
Is this what Glen Beck looks like now or is this AI George Washington
is this what Glen Beck looks like now or is this AI George Washington
Whatever we can actually do, we can afford.
War spending gets in the way of healthcare when the real resources are diverted. Are factories being used to build weapons instead of develop vaccines? Are people going to work for the war effort instead of becoming doctors and nurses? That's what matters economically.
It's a very good *political* argument that "we're paying a billion dollars a day to bomb Iran instead of paying for universal healthcare" but it's not based in *economic* reality. We can actually do both.
the defense appropriations is a bit trickier
Dems seem confused about messaging again I think the correct message is "Donald Trump should be impeached for starting an illegal war"
Mad king.
Going to war without congressional approval is impreachable
leak drip drip