Mango-ssaem Strongly Criticizes Lee Jae-myung Government's Real Estate Policy

He expressed concern about the policy's ripple effects and fairness, noting that these changes lead to actual tax increases even for single-home owners.

Mango-ssaem raised the issue of the tax burden on elderly residents who have lived in their homes for a long time and whose property values have risen sharply. He criticized the imposition of excessive taxes on elderly people with no income, even though a house bought for 200 million won 30 years ago is now worth 4 billion won, saying it amounts to pressure to sell and move to the countryside.

He harshly condemned this as no different from the government effectively seizing citizens' assets, and argued that the policy threatens the housing stability of the elderly.

Despite the existence of a tax burden cap system, he criticized that single-home owners still feel a heavy tax burden, which undermines the original purpose of taxation.

Mango-ssaem explained that the U.S. holding tax system differs greatly from Korea's. In the U.S., holding taxes are set based on the price at the time of acquisition, and even when home prices rise afterward, tax increases are limited to the level of inflation. This approach enhances predictability by consistently maintaining the tax that investors could anticipate when buying a home.

The core of the U.S. system is to consider only the 'value at acquisition' and 'inflation' as factors for tax increases, preventing unintended tax bombs caused by rising home prices. In contrast, he pointed out that Korea taxes based on the current public land price, so the tax burden surges as home prices rise.

Mango-ssaem emphasized that Korea's system, compared with the more rational U.S. approach, carries problems of unpredictability and excessive burden.

He questioned whether it is reasonable to impose higher taxes on people who already earn more, and argued that such policies could in fact distort the market.

He pointed out that while people who already pay a lot of tax are asked to pay even more, there is insufficient consideration for those who pay little or no tax.

He criticized this as creating a relative unfairness in the tax burden, placing an excessive load on specific groups in the name of increasing tax revenue.

Mango-ssaem stressed the unreasonableness of the current system by citing actual examples of holding tax disparities. He said that while a 1.5 billion won home and a 5 billion won home differ in price by only 3.3 times, their 2025 holding taxes differ by as much as 15.6 times.

He criticized this as excessive tax differentiation relative to price, and argued that the government is approaching it with the logic that owners of high-priced homes enjoy large benefits and should therefore pay more tax.

He argued that policies are being decided without adequate collection of expert opinions and deliberation.

He stressed that policies with direct effects on people's lives require careful approach and broad consultation, and raised concerns about the current government's way of making policy decisions.

He strongly criticized such unreasonable policy execution as no different from state violence, arguing that the state and the majority party are currently committing violence against the people.

Mango-ssaem warned that real estate regulations would further intensify the balloon effect toward areas outside Gangnam. He analyzed that even if home price increases in Gangnam slow down, due to the psychology of avoiding regulation, prices in other areas will rise in the form of 'catching up' or 'filling the gap.'

He pointed out that this balloon effect has repeatedly appeared in past regulatory policies, and that the government is failing to learn this pattern. He expressed fatigue at the similar phenomena repeating every time regulations are introduced.

Mango-ssaem diagnosed the present era as one of hyperinflation and emphasized the need for 'self-defense' to protect the happiness of individuals and families. He argued that amid rapid price increases and fluctuations in asset values, people must defend their assets and devise survival strategies on their own.

He urged people to actively seek ways to protect and grow their assets at the individual level, rather than relying solely on government policy.

Mango-ssaem stressed that in an era of hyperinflation, owning assets is essential to narrowing the wealth gap. He explained that South Korea still offers many investment opportunities, and that the size of these opportunities is proportional to the amount of money, that is, the overall liquidity.

He conveyed the message that asset gaps can be closed and individual wealth preserved in an era of hyperinflation by using assets appropriately to invest. He suggested that growing assets through investment is the most effective defensive strategy in the current situation.