A Real Ukraine Peace Plan

Last week’s surprise release of a draft Ukraine war peace plan has raised hopes that the nearly three-year bloody conflict may finally come to an end. Ukraine has suffered horrible losses that may change the demographics of that country for decades to come.

If this peace plan can be negotiated in a way that satisfies all sides and the guns finally go silent, I will be the first to cheer. However, the continued failure to understand the nature and origin of the current conflict leaves me skeptical that a real peace can be reached this way.

The Vacancy Tax

A vacancy tax is defined as,

. . .a charge imposed on property owners who leave residential or commercial properties unoccupied for a specified duration. The primary objective is to incentivize owners to either rent out or sell these vacant properties. This policy seeks to increase the available housing supply and discourage the speculative holding of real estate.