Mombers left a new comment on the post We own land! Give us money!":
Out of interest, I wonder how the means testing of rent controls works?
"Apartments can be deregulated under rent stabilisation if they are vacated at a monthly rent of $2,500 (£1,600) or if they reach that rate and the occupant's income reaches $200,000."
So does your landlord get access to your private financial data?
One would assume so - a bit like the tax office.
And do they really get to keep a portion of your income above $200k for doing precisely nothing...
Clearly yes. It's not clear from the article how much, but broadly speaking a percentage of it - a bit like income tax.
... or does that money somehow end up going to the public purse?
The landlord in turn will pay some income tax on that 'income tax' he has collected from you.
Debate Magazine
