2 ms·

Given such a ridiculous premise they need to back their theory up with data. We are living denser than we ever have, and getting denser but somehow that's goin

• ZeroGravitas 11y ago
  Building up isn't affected by a land value tax, since the tax value is on the unimproved land. If anything it encourages building up. One negative outcome, in the absence of a land value tax, is empty lots. Leaving a lot derelict may be the wisest option for those that don't hate money, as it can be held as an investment and quickly sold after it appreciates in value. No building to demolish, or tenants to evict. Of course in the meantime it's just a placeholder in the middle of a bustling city that's looking for new houses and/or commercial property. With the land value tax they'd need to pay more to keep it empty as the area became more desirable, encouraging them to use it for some purpose or sell it to someone who intends to use it.