3 ms·
Through a high tax on the unimproved value of the land: https://en.m.wikipedia.org/wiki/Land_value_tax https://en.m.wikipedia.org/wiki/Land_value_tax
by DiogenesKynikos 7y ago
Through a high tax on the unimproved value of the land:
https://en.m.wikipedia.org/wiki/Land_value_tax https://en.m.wikipedia.org/wiki/Land_value_tax
- cyrksoft 7y agoThat will only push prices even higher. The cost will be pushed to the consumer, like every tax.
- DiogenesKynikos 7y agoThat's actually very difficult to do with a tax on the unimproved value of land. The LVT has very interesting properties. In theory, it should drive the cost of land down to zero, eliminate speculation in land, and encourage denser development.