3 ms·
> If it's that arbitrary It's arbitrary that land in a desert is worth less than land in a major city? > I see no difference between this and the existing pro
by klipt 9y ago
> If it's that arbitrary
It's arbitrary that land in a desert is worth less than land in a major city?
> I see no difference between this and the existing property tax
Property tax: your parking lot in the middle of downtown San Francisco isn't worth much so we won't tax it much.
LVT: You could build a condo building on that parking lot, so we will tax you the same amount for the land as if you had.
LVT creates strong incentives to build useful things on the land.
- tabeth 9y agoAgain, property tax is implemented by the assessment. Your example is a failure in assessing. It has nothing to do with LVT. Also, your desert example doesn't make sense. If the land is usable it will be taxed. If it is not usable it wouldn't be taxed heavily under the current scheme, nor would it be with LVT. I think you're underestimating how much people are already taxed for their property.