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It's not just senior citizens, it includes: people on a qualifying fixed income, food stamp recipients, Social Security payment recipients, disability payment r
by solatic 8y ago
It's not just senior citizens, it includes: people on a qualifying fixed income, food stamp recipients, Social Security payment recipients, disability payment recipients, Holocaust survivors, single-parent households, households with members who have died or have permanent disability due to terrorism or state service, non-Jews with Righteous Among the Nations status, the legally blind, people who were prisoners of war, people who were "Prisoners of Zion" / ex-Soviet refuseniks, new immigrants in their first year of residency, parents of disabled children, people in active service in the military or alternative civilian service. If you fit one of the categories then it's generally a pain to assemble the necessary documentation to get the discounts, but once you do, you don't really need to renew the status (excepting soldiers/servicepeople).
General / flat tax schemes for situations like this tend to be regressive.
> Landlords cannot sit back and rent-seek. If developers around them are making the area nicer, they will soon be priced out unless they follow suit.
So, separately from the ghost town situation in Jerusalem, there's a phenomenon in Tel Aviv where there is undeveloped beachfront property worth literally hundreds of millions of dollars with some one-story house sitting on the land and falling apart. If you delve into the reasons why it hasn't been sold to a developer, you find out that the original purchasers have several generations of inheritors, with ownership divided among thousands of people. Because those thousands of people can't unanimously agree on who to sell their shares to and at what price, the land sits undeveloped, and the situation gets worse over time as the current owners have children of their own and the current owners' miniscule shares get divided even further. Many of these properties are locked up in court battles with family members trying to sue to force the sale of shares by some third or fourth cousin they barely know.
When people are literally looking at hundreds of thousands of dollars for their ownership stake, and they still can't sell, how is the financial incentive established by the LVT any different in terms of being able to bring about a result in getting the land developed?