2 ms·
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
by 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the land (in pittsburgs case once they reassessed the value of the land to reflect market value, the lvt ended up being repealed; in taiwan this behavior has contributed to a huge property bubble)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.