Issues of housing justice and steep real-estate prices have led to dissatisfaction among young voters, who are turning away from the two major parties, the Taiwan Solidarity Union (TSU) said yesterday, blaming unreasonably high housing taxes collected by local governments.
“The ruling Democratic Progressive Party (DPP) government has taken up measures to bring down property prices and has promoted fairness and housing justice for years, but housing prices in cities are still climbing,” TSU Chairman Liu Yi-te (劉一德) told a news conference at the party’s office in Taipei.
Liu said these measures include heavy fines and other punishments to combat property speculation by investors, as well as a registration requirement for the actual price of a transaction to prevent the recording of inflated prices and deter owners and agents from taking advantage of the opaque process, he said.
Photo: Liu Hsin-de, Taipei Times
In recent years, one main reason for the surging prices is rezoning by local governments, opening plots for farming and industrial use, and for real-estate development, as the land can increase in assessed value by 10 times or more overnight, while local governments make huge financial gains by collecting the Land Value Increment Tax, which could be as much as 10 to 20 percent, Liu said.
This has been a major source of tax revenue for Taiwan’s six special municipalities in recent years and is the main driver of high real-estate prices, he said.
High property prices cause the younger generation to choose not to marry or raise a family, creating a declining birthrate, resulting in sectors of “dissatisfied, frustrated” young voters who are turning against the DPP and the Chinese Nationalist Party (KMT), he said.
To drive down prices and enact fairer policies, former TSU legislator Chou Ni-an (周倪安) provided several recommendations, including for the government to build more social housing and subsidize housing for younger people
On taxes from land rezoning, TSU legislator-at-large candidate Chang Teng-kai (張登凱) said that 30 percent of these tax revenues should be allocated specifically toward achieving housing justice, such as the provision of financial assistance to younger people for purchasing or renting a home, and housing subsidies for working-class people and senior citizens.
Chang said that taxes collected by local governments should be put into a dedicated “public housing assistance and saving fund” to help younger generations, laborers and senior citizens in subsidizing their rent or first-time home, or go into building social housing units.
TSU social movement department head Ou Yang Jui-lien (歐陽瑞蓮) said that the government could learn from Singapore in providing fair and low-cost housing for all of society.
Singapore has constructed extensive social housing for its citizens, and the monthly fees are not based on the land values of a particular city section, but rather is means tested in which working-class households would pay in accordance with their lower monthly income, while those with a higher monthly salary would pay a higher rate, she said.
Taiwan is stepping up plans to create self-sufficient supply chains for combat drones and increase foreign orders from the US to counter China’s numerical superiority, a defense official said on Saturday. Commenting on condition of anonymity, the official said the nation’s armed forces are in agreement with US Admiral Samuel Paparo’s assessment that Taiwan’s military must be prepared to turn the nation’s waters into a “hellscape” for the Chinese People’s Liberation Army (PLA). Paparo, the commander of the US Indo-Pacific Command, reiterated the concept during a Congressional hearing in Washington on Wednesday. He first coined the term in a security conference last
Prosecutors today declined to say who was questioned regarding alleged forgery on petitions to recall Democratic Progressive Party (DPP) legislators, after Chinese-language media earlier reported that members of the Chinese Nationalist Party (KMT) Youth League were brought in for questioning. The Ministry of Justice Investigation Bureau confirmed that two people had been questioned, but did not disclose any further information about the ongoing investigation. KMT Youth League members Lee Hsiao-liang (李孝亮) and Liu Szu-yin (劉思吟) — who are leading the effort to recall DPP caucus chief executive Rosalia Wu (吳思瑤) and Legislator Wu Pei-yi (吳沛憶) — both posted on Facebook saying: “I
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,912) for advertisements that exceed its approved business scope, requiring the Chinese e-commerce platform to make corrections in the first half of this year or its license may be revoked. Lawmakers have called for stricter enforcement of Chinese e-commerce platforms and measures to prevent China from laundering its goods through Taiwan in response to US President Donald Trump’s heavy tariffs on China. The Legislative Yuan’s Finance Committee met today to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report. Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said
Sung Chien-liang (宋建樑), who led efforts to recall Democratic Progressive Party (DPP) Legislator Lee Kun-cheng (李坤城), was released on bail of NT$80,000 today amid outcry over his decision to wear a Nazi armband to questioning the night before. Sung arrived at the New Taipei District Prosecutors’ Office for questioning in a recall petition forgery case last night wearing a red armband bearing a swastika, carrying a copy of Adolf Hitler’s Mein Kampf and giving a Nazi salute. Sung left the building at 1:15am without the armband and covering the book with his coat. Lee said today that this is a serious