People Power Party's Chang Dong-hyeok Blasts Tax Reform as De Facto 'Moving Ban'

People Power Party Representative Chang Dong-hyeok fiercely criticized the government's tax reform plan announced yesterday (August 3), calling it a "moving ban that slaps tax shackles on the freedom to relocate residence."

During a press conference held this afternoon (August 4), Representative Chang claimed, "(The reform plan) is packaged as a normalization of transactions, but its essence is a punitive tax punishing the crime of owning a home." He added, "Instead of controlling the housing prices they should be controlling, they are only targeting citizens who own homes."

He continued, "It divides even single-home owners based on whether they actually reside in the property and substantially increases the comprehensive real estate holding tax burden on single-home owners who do not actually reside in them," pointing out that "it is effectively a moving ban that places tax shackles on the freedom of residence guaranteed by our Constitution."

Representative Chang also mocked, "The market will freeze further, key-money deposits and monthly rent will rise further, and a livelihood hellscape where only the public suffers will unfold," adding, "It is no wonder that the term 'Jamdemic' is spreading among the public."

When reporters asked whether he intends to propose a summit meeting between party leaders and President Lee Jae-myung regarding real estate issues, Representative Chang replied, "After seeing yesterday's real estate tax reform plan, I thought that rather than a summit meeting with President Lee Jae-myung, no dialogue of any kind is necessary," and added, "It would be useless to talk about anything."

He further remarked, "Even if Jesus or Buddha came and spoke, he is someone who wouldn't listen," adding, "Even if the president proposes a summit meeting now, I would not accept it."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.