4 ms·
Sounds exactly like the empty homes tax in Vancouver!
by jeremy_wiebe 6y ago
Sounds exactly like the empty homes tax in Vancouver!
- Qub3d 6y agoThe LVT is this but... more. The idea of a full land-value tax is based on a principle related to universal basic income. In both cases, the argument is that by applying the tax/income to every stakeholder indiscriminately, it removes bureaucratic complexity and motivation to "cheat" the system. Since the effect is the same no matter what, we don't need a huge statute listing what does and does not apply as X.
- yellowapple 6y ago> The idea of a full land-value tax is based on a principle related to universal basic income. And tangentially: seeking a minimal state that exists solely to collect LVT (and possibly Pigovian and severance taxes) and distribute the proceeds evenly as UBI is the basic idea around geolibertarianism.