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I suppose it's here I should make the customary Georgist call for Land Value Tax.
by rwnspace 9y ago
I suppose it's here I should make the customary Georgist call for Land Value Tax.
- vasilipupkin 9y agoYeah, but it wasn't plain land, there was a building on it. the genius who downvoted this comment - please google how land value tax works.
- b4lancesh33t 9y agoThe opposite, I think. Lvt does not tax the value of improvements. And while lots can be very valuable, they are not very valuable compared to the improvement if the improvement is a skyscraper.
- bufordsharkley 9y agoConstruct some building in the middle of nowhere, in the middle of the Sahara desert or something, and see if it increases or decreases in value. The structure itself will depreciate somewhat, and that's all. ...It's the location for a structure that is responsible for increases and decreases in real estate.