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Preventing buying and selling of housing is actively harmful. Land shouldn't be sold, it should all be owned by the state and leased out at market value; equiv
by ikeboy 7y ago
Preventing buying and selling of housing is actively harmful.
Land shouldn't be sold, it should all be owned by the state and leased out at market value; equivalently, implement LVT at close to 100% of land value.
The state setting a maximum sale price and subsidizing demand is not that.
- WalterBright 7y agoUh, my property tax bill has two amounts on it - the tax on the land value and the tax on the building. The bill is the sum.
- ikeboy 7y agoThe portion of tax on the building serves to discourage density. What's your point?
- WalterBright 7y ago> What's your point? That there already is a land value tax.
- ikeboy 7y agoGreat. Now get rid of the housing value tax and increase LVT to 95% or so.