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Land taxes are politically unfeasible: it would increase taxes on americas favorite setup: the single family home. Economically speaking, Land Taxes are a cons
by conanbatt 8y ago
Land taxes are politically unfeasible: it would increase taxes on americas favorite setup: the single family home.
Economically speaking, Land Taxes are a consented tax by economic left and right: the consensus has been in for decades. LVT is a great tax.
In my opinion, this is San Franciscos best chance to get out of its spiral it got into: remove sales tax and put LVT. It would change the face of the city in 10 years.
But go vote that: the SF city spends 2,600U$S per household in the city. If they removed all kinds of taxes and put it on land, a single family home would have to pay that just intaxes every month. And single family homes are the politically most represented.