3 ms·
LVT is a good policy but it doesn't make land ownership a bad investment. It just tends to decrease the price of land, which is not usually a problem because la
by scythe 8y ago
LVT is a good policy but it doesn't make land ownership a bad investment. It just tends to decrease the price of land, which is not usually a problem because land is not produced by people, unlike other securities.
- bufordsharkley 8y agoThe reason that land is a good investment is precisely because of future land rents that a land buyer expects to receive. If these land rents are instead paid towards a tax, how wouldn't this make land less of a good investment?