Kim Tae-ho: "Real Estate Taxes Are Positively Correlated with Rising Real Estate Prices"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Independent lawmaker Kim Tae-ho stated on the 18th, "The economy is stumbling as a tool of populism, abandoning the fundamental issue of efficiency in a free market economy," and added, "Ironically, real estate policies and real estate taxes are actually causing real estate prices to rise in direct proportion."

On the same day, Kim said on Facebook, "Is our Republic of Korea entering the wrong path at a critical time?" and emphasized, "Politics should not be under the illusion that it stands above the people."

Kim pointed out, "Just as space-time is distorted closer to a black hole, if we fail to see the essence of the problem clearly, the process of finding a solution will inevitably be twisted."

He added, "The Miracle on the Han River was not a miracle created by heaven, but certainly an achievement made by all of us. Now, COVID-19 makes us think about a new Miracle on the Han River," and said, "We need the vision and intuition of leaders who will lead the new era. Rather than the leader creating the miracle alone, they must enable all the people to create the miracle."

This content was produced with the assistance of AI translation services.