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You might find Georgism [0] interesting. Its tenets include a (steep) land value tax that proponents believe would sort out the 'best use' of land in city cent
by drewmate 5y ago
You might find Georgism [0] interesting. Its tenets include a (steep) land value tax that proponents believe would sort out the 'best use' of land in city centers. It's a compelling idea, but unfortunately the driving force behind American government seems to be once you have something (property, a business, etc...) nobody can do anything that adversely affects it. And Americans (over age 40) already own a LOT of property and would not take kindly to new taxes on it.
[0] https://en.wikipedia.org/wiki/Georgism#Main_tenets https://en.wikipedia.org/wiki/Georgism#Main_tenets
- prox 5y agoThis falls in line with the old economic school of how value is created, which fell in disfavor because it didn’t sit right with the upper classes, for clear reasons.
- whimsicalism 5y agoIf you're referencing the LTV, no it doesn't
- prox 5y agoNo, I am referencing the Value Of Everything by M.Mazzucato.
- drewmate 5y agoIt seems reasonable enough to me, but I don't own any land. I think I'm realistic enough to admit that if I had been born 35 years earlier and had two homes that I paid off in my 40's and had appreciated 350% since then, I would probably feel differently about it. It's a tough nut to crack, for sure.