4 ms·
Is this different than regular property taxes? The general objection is that it's pretty unfair to farmers. And well, all land owners. What's special about lan
by Houshalter 11y ago
Is this different than regular property taxes?
The general objection is that it's pretty unfair to farmers. And well, all land owners. What's special about land? What's the difference between someone with a million dollars worth of gold and a million dollars worth of land? The first pays no tax.
And maybe they shouldn't, if you aren't earning anything or spending on anything. Income tax fairly taxes everything that is earning money. It distributes taxes over the whole economy rather than specific parts, which is why it's the most politically acceptable solution.
- larsiusprime 11y agoProperty tax includes the value of what's ON the land, land tax is the value of just the unimproved empty lot. IE, the location. Creating value on the land is yours to keep, capturing value the community created (the location value) should go to the community. Otherwise you profit and rent seek from value you didn't create. That's the theory at least.