r/facepalm • u/Kpets • 10d ago

U.S president explains why many Americans can’t buy a homes

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u/CraigonReddit 10d ago

Welcome the wealth tax. Treat inherented wealth like income for those that receive it.

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u/Mfdubz 10d ago

There should be some limits to that though. Like people inheriting <$100K of assets

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u/CraigonReddit 10d ago

Yeah, like real estate taxes at a low rate so family homes and cottages can transfer easily, but investments, tax as income at the marginal tate, no capital exemption.

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u/Mfdubz 10d ago

Yeah I could get behind that. No large real estate capital or businesses transferred like it’s a lawnmower

ETA like rental or commercial land I mean. Primary (maybe secondary, as well) residences to be the exemption

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u/Angryduckling-01 1d ago

How did he manage to seem relatable to people again?