4 ms·
why is a land value tax good? just curious
by the_cat_kittles 9y ago
why is a land value tax good? just curious
- hamandcheese 9y agoI think property taxes (and not necessarily limited to land) are considered more ideal because it taxes wealth as opposed to income.
- bufordsharkley 9y ago1) It can fund revenue for public goods with little to no deadweight loss 2) It targets "unearned wealth" instead of earned income 3) It grows with the growth of a municipal area, allowing for public finance that scales with the demands of a growing city 4) It can efficiently be used to pay for declining cost industries within a municipality (natural monopolies such as public transit) 5) It naturally is compatible with a UBI, insofar as you're merely distributing value which is considered to be commonly owned to all