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Such a tax would only increase rent - most landlords don’t run on huge margins, and those that do aren’t going to just give them up.
by djrogers 9y ago
Such a tax would only increase rent - most landlords don’t run on huge margins, and those that do aren’t going to just give them up.
- dredmorbius 9y agoSee my response elsewhere in this thread, or read on the economics of land taxes. That understanding is incorrect. Most particularly, landlords themselves are paying rent in the form of interest. Property values would tend to fall.
- dredmorbius 9y agoHere, FYI: https://news.ycombinator.com/item?id=15513942 https://news.ycombinator.com/item?id=15513942