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Land tax is better than more housing. A lot of housing is not used very well.
by jacobush 6y ago
Land tax is better than more housing. A lot of housing is not used very well.
- AnthonyMouse 6y agoWhat do you think the point of a land tax is? It's to get people to build more housing, because it's more profitable to build taller buildings when they have the same tax burden as single story buildings or empty lots instead of having most of the returns from new construction eaten by property taxes. But that doesn't work if building more housing is still prohibited by zoning.
- jacobush 6y agoIt is also for making under-utilised property already built up, being used in more productive ways.