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Wait... land tax is regressive because poor people have a greater proportion of their net worth in land? Literal nonsense. What is this economic wonderland you
by wtfareyouon 6y ago
Wait... land tax is regressive because poor people have a greater proportion of their net worth in land?
Literal nonsense. What is this economic wonderland you live in where poor people have land and assets?
As for land tax, you can make it progressive with 0% for the first 1m to cover people in high cost areas with only a family home.
- bluedevil2k 6y agoIn the US, 36% of families below the poverty line own houses (1). I guess the economic wonderland you speak of is the US. https://www.statista.com/statistics/205440/homeownership-experience-in-the-us-by-income-group/ https://www.statista.com/statistics/205440/homeownership-exp...