3 ms·
At this point Im fairly convinced that LVT is the way to go. There is a tremendous confusion in separating wealth from producers to non-producers. Taxes very
by conanbatt 9y ago
At this point Im fairly convinced that LVT is the way to go.
There is a tremendous confusion in separating wealth from producers to non-producers.
Taxes very frequently end up going from the poor to the rich, because of how benefits are given away (ex. prop 13, mortgage interest deductions, rent control). Not only that, taxing the rich for producing would make less production, which is fundamental for economic growth.
Why should a developer build a 40 apt building and pay 100x the taxes a month single family home next to it pays? Didnt he just make everyone a lot richer by his planning and exhertion?