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Today how that goes is you get huge tax cuts for not making money and keeping valuable resources off the market. How that should go is you get taxed at the sam
by ethanbond 6y ago
Today how that goes is you get huge tax cuts for not making money and keeping valuable resources off the market.
How that should go is you get taxed at the same rate as if you had set it at a price it could be rented at, therefore encouraging you to set your price correctly.
That’s the LVT, that’s basically the entire thing.
- WalterBright 6y ago> huge tax cuts for not making money Nobody pays income tax if they aren't making money. That's why they're called "income" taxes.
- ethanbond 6y agoYep, and that’s why I’m advocating a “land value” tax instead.