I think you're focusing on where the money goes. That doesn't change the fact that this is a uniquely bad way to raise it. Transfer taxes are not like capital gains or income taxes. There is no value being created when something is transferred.
> people who "barely pay any tax at all" are worth helping
Millionaire property owners are barely paying any taxes. Disneyland and every other large commercial building is barely paying any taxes. Why are they worth helping?
Is there an economic term for the different types of taxes you're referring to? It's not obvious to me why income taxes create value but this tax doesn't, but I don't really know anything about economics.
Similarly, while I do think everyone is worth helping, I'm not yet seeing how this helps millionaires and large landlords.
I wish I remembered. What I'm referring to, though, is that income and cap gains tax things based on the amount of money being made.
A transfer tax says, "oh, the owner change - here's the same tax for a money losing project as an extremely profitable one". It's just disincentivizing change.
This tax is even being talked about because things like CA Prop 15 being voted down leave schools/cities underfunded by giving long time land owners a massive tax break.
We need to make the system more fair not just tax everything that moves.
> people who "barely pay any tax at all" are worth helping
Millionaire property owners are barely paying any taxes. Disneyland and every other large commercial building is barely paying any taxes. Why are they worth helping?