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Spot on. Individuals need to be protected from loosing their home. Businesses (even individual run businesses) should be fairly competing against current market

• prostoalex 10y ago
  Some businesses add significant value, and they're aware of it. Whenever Whole Foods, Costco or even Walmart moves into a commercial plaza, the business activity around that area gets a significant boost from all of the foot traffic and destination shopping. Restaurants, gas stations and other big-box stores try to locate nearby to capture a chunk of that activity. If you penalize Costco or Wal-Mart by taxing them on the land value that they themselves appreciated and make them the victims of their own success, they will move to the next closest town that will guarantee some tax breaks, and perhaps you as a city official can then extract property tax from a parking lot with a bunch of "for lease" signs and a pop-up Halloween costumes store.