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I was more talking about a fall of real estate valuations as you introduce a significant land value tax. And it must be significant to cancel the impact of land
by ebalit 10y ago
I was more talking about a fall of real estate valuations as you introduce a significant land value tax. And it must be significant to cancel the impact of land value on the rise of inequality.
- eru 10y agoPhase it in gradually. Land prizes don't actually fall in practice with introduction of land value tax, if it goes hand in hand with elimination of other taxes. In effect, shifting the tax base from labour and capital to land.