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The Georgist land value (which Altman suggests might be more practically replaced by a system linked to actual property transaction values) is still going to be
by notahacker 6y ago
The Georgist land value (which Altman suggests might be more practically replaced by a system linked to actual property transaction values) is still going to be a sufficiently large proportion of the value of a typical home to ensure pretty much anyone not living in a multistorey tenement block is paying massively higher tax rates on their home than anyone pays on a YC company.
- larsiusprime 6y agoOne of the chief purposes of a land tax is to destroy the speculative activity which drives land prices up forever and ever.
- colinmhayes 6y agoAs it should be. Single family homes are wasteful, they should cost more.
- imtringued 6y agoThe entire point of land value taxes is to turn land into a liability. You don't get to benefit from the accomplishments of other people. You only get to benefit from your own accomplishments e.g. by building a multistory tenant block and renting it out.