4 ms·

I think for Vancouver dwellers the problem is taxes need to be land value tax not income tax.

• danieltillett 11y ago
  Land tax is certainly much harder to avoid - there is a reason the 0.01% hate land taxes.
  • cm3 11y ago
    Build vertically?
    • danieltillett 11y ago
      That does not help you avoid a land tax ;) We will know the 0.01% are losing the class war when a serious land tax is introduced. I personally don't see it happening anytime soon.
      • branchless 11y ago
        It does to an extent because you are taxed on the land not the improvement. You are not taxed more for having more living area. I agree with you LVT and it's over for the banks and the rentiers. We will have to fight them to the end for this, it is the end for them so they will throw everything at it.
    • branchless 11y ago
      Then you add value without taking up more space. This would reduce the cost of a human requirement: shelter. This is what LVT is for. Our present system is about maximising the availability of credit to absorb all spare capacity. This is why we are working full time despite massive productivity improvements. This is why when women entered the labour force it was all absorbed by land prices. The 1% in the main don't want to "build vertically". They want to do nothing and have you work and give them a cut of their income. I'm fine with people making life better and getting a cut. ps this may be the last comment I can make as HN hates LVT and any criticism of rentiers