It's not just housing. Imagine you want to start a business. There is not much commercial property available and if there is something, it is too expensive and wildly taxed.

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mothballed a day ago | parent [-]

I was once told a story by an Argentinian.

They have a business tax rate above 106% of profit[]. That is it is illegal for a business to make a profit.

Yet there is apparently a video out there of a black market cart seller selling wares right in front of the Argentine tax office, totally unbothered.

It made me wonder if this was just an allegory of what's in store for us.

[] https://archive.doingbusiness.org/content/dam/doingBusiness/...

	▲	zipy124 a day ago \| parent [-]
		That number is not tax as a percent of profit like corporation Tax, but includes all contributions. For example 23.5 from that number is just social security paid by the company. In other developed countries like the UK we also have those sort of taxes (at 15% of pay in the UK). It is misleading of the report to give this number as a % of profit since then if a company makes no profit, it technically has an infinite tax rate, despite the fact the tax owed does not depend on the profit.