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There is already a discount for businesses that provide value to the community: increased demand and the profit that follows. The underlying principle here is t
by defertoreptar 7y ago
There is already a discount for businesses that provide value to the community: increased demand and the profit that follows. The underlying principle here is that people only buy things they want. When you indirectly buy things for them by taxing them and then using those tax dollars as a proxy for demand, you're only insuring that businesses thrive that are perceived to provide value (but not ones that actually provide value according to real customer demand).
- ethbro 7y agoI wasn't suggesting buying anything, indirectly or otherwise. We can both probably agree that real estate property value has a loose correlation with actual value, and is subject to a large number of external factors. Not least the suboptimal-for-community inflationary pressured California is infamous for. By partially abating taxes, you're simply adjusting profit calculation for a plot of land for a specific use. Now that I think about it we already do this, just in more coarse grained terms, via zoning. C3 is taxed one way, R3 another.