(Pixabay)
(ZEROHEDGE) – Believe it or not, California thinks it has a solution to the homelessness problem that can be solved with additional taxation! Go figure.
A new measure in Los Angeles, called Measure ULA, is set to generate $900 million in taxes that will then be used for housing subsidies and tenant protections. The tax is essentially a levy on all property sales of more than $5 million, according to Bloomberg.
WND is now on Trump's Truth Social! Follow us @WNDNews
This "mansion tax", if it passes, will look to "speed new construction and deliver a way out of the city’s spiraling homelessness crisis", according to Bloomberg. It could generate some $900 million per year to provide infrastructure like affordable homes and tools like counsel for tenants in eviction courts.
The post Los Angeles turns to 'mansion tax' to try and solve its homelessness problem appeared first on WND.
