Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
Ok, you destroy the building and then what? Do you expect an achievement badge to appear above your head or something?
You really have reading comprehension issues don’t you ?
The post notes that it’s impossible to hide or move real estate overseas thus making it impossible to avoid.
Even if someone tried to avoid the tax by destroying the building you still can’t avoid it because the land is the value not the building.
Ergo you pay the property wealth tax or the government reposses the property.
Unlike cash that can be hidden the asset is visible and hence tax is easily enforced
So to answer your question, the only one who would seek to destroy the building is someone trying to avoid a wealth tax (someone who thinks “I’d rather destroy my asset than pay tax” ie a nutter) in which case the government just seizes the land and the nutter tax avoider gets a banner over his head of “fucking idiot and welcome to jail here’s your blanket dont drop the soap”
Did you even read the thread? I’ll repeat the question - you take the mansion, now what? How do you convert a mansion into school uniforms? Oh wait, you don’t! That changes nothing!
