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It seems weird that you complain that the wealthy are under-taxed and then propose we switch from an income tax to a land tax which shifts a large portion of th
by JamesBarney 7y ago
It seems weird that you complain that the wealthy are under-taxed and then propose we switch from an income tax to a land tax which shifts a large portion of the tax burden from the rich to the middle class and poor.
Also the reason for the formation of most of the companies mentioned in the article is liability reduction more than tax reduction.
- Ericson2314 7y agoLVT is indeed really good, but the transition is awkward. Many proponents don't really buy being poor with valuable (not farm) land as something deserving protection, and frankly think it's mainly bs boogieman thrown out by actually rich people. But yes, given the sorry state of the US we can't really afford politically or policy wise to fuck over yet another group of for people for a 10 year transition. But the fix is easy. Wealth tax and/or UBI smooths it over and then we are set. You lost your family home, poo poo, but now get a nice stepand and can also afford appartments near where you work. You'll walk or bike more, be healther including mentally and socially (not isolated among neighbors richer than you in a dust trap), and spew out less C02.