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An alternative that some libertarians seem to like is the land value tax, as proposed by Henry George. https://en.wikipedia.org/wiki/Land_value_tax https://en.
by schoen 7y ago
An alternative that some libertarians seem to like is the land value tax, as proposed by Henry George.
https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax
It has the problem that if you think existing property rights in land are legitimate, instituting it looks like a massive expropriation. Also, you can't avoid getting priced out of your home by buying it.
It apparently has some pretty large economic efficiency and incentive benefits.
- wolco 7y agoBut then the goal is to run down property values so investment stops.
- schoen 7y agoWhose goal?
- leetcrew 7y agoLVT was part of the inspiration for this idea. > Also, you can't avoid getting priced out of your home by buying it. this is part of what I was getting at in the "land is one of the only truly scarce things" bit. I don't think the expectation that you should be able to afford to live on a specific piece of land forever is reasonable.
- CydeWeys 7y agoPlenty of people who rent even have that expectation, which I find completely unreasonable.