Considering rich-world rental yields rarely exceed 8%, that represents a substantial tax rate on the imputed value of living in a house - somewhere in the 17-30% range, which is well above Japan'… (View Post)

A property tax is also a proxy for an income tax, since people will stop working as much if they think their assets will be taken from them anyway. Maybe going onto early retirement a few years earli… (View Post)

Thank god Britain has FPTP protecting it from governments where the ministers argue with each other and negotiate policy after the election is over. Instead we have such fine politicians as Sunak and… (View Post)

I didn't know Hiroshima had Christmas markets. (View Post)

Quickly edited from "secure messaging services" after the local yoga teacher spotted a typo. (View Post)