The Rationality of Chinas Real Estate Tax Levy: An Analysis from the Perspective of Monogamy

Keren Sun

doi:10.34257/gjmbrbvol20is11pg1

Abstract

According to the data from China Statistical Yearbooks, we can calculate the average annual house price increase rate, and get such results: in the 21st century the average annual house price increase rate of China, Beijing City, Shanghai City, and Shenzhen City are 7.89%, 11.7%,11.23%, and 13.96% respectively. A small part of people is happy this situation, but most people are not. This situation has led to a substantial increase in housing prices, which has severely eroded the housing demand and well-being of the middle and low classes, then interest conflicts emerge. This paper analyzes the similarities between marriage needs and housing needs, they both belong to the physiological needs and existence needs, then marriage needs and housing needs are both needed to be adjusted by the moral system, rather than to allow power and wealth to be unscrupulous and unconstrained in these fields of housing demand and marriage demand.

Highlights

According to Wikipedia, a property tax or millage rate is an ad valorem tax on the value of a property, usually levied on real estate[1]
“In has led to a substantial increase in housing prices, which has pre-commercial agricultural areas the property tax was a severely eroded the housing demand and well-being of the feasible source of local government revenue and equal 1 middle and low classes, interest conflicts emerge. This taxation of wealth was consistent with the prevailing paper analyzes the similarities between marriage needs and housing needs, they both belong to the physiological needs and existence needs, marriage needs and housing needs are both needed to be adjusted by the moral system, rather than to allow power and wealth to be unscrupulous and equalitarian ideology.”[3] theoretical analysis of the levy on real estate tax can be traced back to Adam Smith at least
The main thoughts of Georgism are that people should own the value they produce themselves, but the economic value derived from land should belong to all members of society, and a single tax on land would create a more productive, more just society[5]

Summary

Literature Review

Shanghai City, and Shenzhen City are 7.89%, 11.7%, 11.23%, and 13.96% respectively. “In has led to a substantial increase in housing prices, which has pre-commercial agricultural areas the property tax was a severely eroded the housing demand and well-being of the feasible source of local government revenue and equal 1 middle and low classes, interest conflicts emerge This taxation of wealth was consistent with the prevailing paper analyzes the similarities between marriage needs and housing needs, they both belong to the physiological needs and existence needs, marriage needs and housing needs are both needed to be adjusted by the moral system, rather than to allow power and wealth to be unscrupulous and equalitarian ideology.”[3] theoretical analysis of the levy on real estate tax can be traced back to Adam Smith at least. The main thoughts of Georgism are that people should own the value they produce themselves, but the economic value derived from land (including natural resources) should belong to all members of society, and a single tax on land would create a more productive, more just society[5]

Introduction

Figure 3

Findings

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