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Note that a land value tax implies a tax on ground rent, not on improvements: http://www.landvaluetax.org/what-is-lvt/ http://www.landvaluetax.org/what-is-lvt/
by lukifer 7y ago
Note that a land value tax implies a tax on ground rent, not on improvements: http://www.landvaluetax.org/what-is-lvt/ http://www.landvaluetax.org/what-is-lvt/
That said, most areas have overly draconian zoning and regulatory costs (driven in no small part by existing homeowners wanting to protect/inflate their own investment); it's a complex issue, and Ricardian rent-seeking is only one factor.
- fennecfoxen 7y agoHousing development is famously undertaken when developers can sell to landlords who wish to make a profit on the improvements only; all parties involved would be quite willing to spend millions of dollars and to lose money, if it's a loss on the underlying land.