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You do this by taxing land. Cannot be passed on to the renter as they are already paying the monopoly price. It just takes what was private profit and captures
by amiga_500 7y ago
You do this by taxing land. Cannot be passed on to the renter as they are already paying the monopoly price. It just takes what was private profit and captures it for public spending.
- colechristensen 7y agoThat does not achieve the goal I had in mind. It keeps rent at the monopoly price and increases the cost to people who own and occupy land themselves.
- amiga_500 7y agoShould land not be priced correctly? The problem we have now is people laying claim to value they did not produce. This "money for nothing" situation increases demand for land a, exacerbating the supply issue. Land value tax would force better land use, and more efficiency means more for those in need.
- colechristensen 7y agoLand should be priced correctly in an environment that heavily penalizes lease revenue.
- amiga_500 7y agoso...land value tax! :-)
- colechristensen 7y agoNo, the key is the bias against investors vs. occupants. Land value tax does not accomplish this.