3 ms·

Yes, that's why we need to get more bang out of the same land.

• epistasis 7y ago
  And perhaps tax away those ground rents, removing the hugely inefficient speculative drive: https://en.m.wikipedia.org/wiki/Land_value_tax https://en.m.wikipedia.org/wiki/Land_value_tax
  • noobermin 7y ago
    I did some digging into this at some point seeing it mentioned on a Strong Town's article. It looks like a city that tried to do it had it repealed because it didn't work as a merely city level tax[0], amongst other issues. [0] https://www.washingtonexaminer.com/the-short-life-of-pennsylvanias-radical-tax-reform https://www.washingtonexaminer.com/the-short-life-of-pennsyl...
    • zzzzzzzza 7y ago
      there's many more examples of lvt than just altoona https://www.reddit.com/r/georgism/comments/68mvkh/examples_of_success_under_a_lvt/ https://www.reddit.com/r/georgism/comments/68mvkh/examples_o... not all the examples listed were permanently successful, e.g. both pittsburg and taiwan allowed their property valuations to fall far behind the true value of the land (in pittsburgs case once they reassessed the value of the land to reflect market value, the lvt ended up being repealed; in taiwan this behavior has contributed to a huge property bubble) other examples are missing, e.g. possibly the best historical example of lvt (since it was the only tax levied), is kiatschou/tsingtao, the germany holding in china prior to ww1.