Yes, the U.S. should tax foreign home buyers. Instead of taxing U.S. citizens more, the United States should find ways to generate tax revenue from foreign citizens who spend a significant amount of money in the United States. This is one way that taxes can be kept lower for all Americans.
The U.S. should tax foreign home buyers because while our country is a melting pot of people, it should prioritize its citizens first. In some cities, the cost of living is increasing due to high amounts of immigration. Immigrants are totally welcome, but must demonstrate that they have the means to support themselves until they work to become citizens. The proceeds from the tax could then go to programs assisting citizens who are facing homelessness.
I think that the U.S. should tax foreign home buyers because it would provide another method to bring in income for the Untied States government. On top of this, other countries are already doing this and so it is not an overreach for the United States government to follow suit. It also makes sense from an economic perspective.
No, the U.S. should not adopt the Canadian practice of taxing foreign home buyers because the tax is unethical and discourages foreigners from investing in U.S. properties. Property sales help to boost the U.S. economy. By posing additional taxes and fees for foreigners, the U.S. would be participating in a practice that is unethical and discriminatory.