4 ms·
Much of that appreciation should be taxed away as the landowner unfairly benefits from public spending elsewhere. If a government decides to invest public money
by bidirectional 5y ago
Much of that appreciation should be taxed away as the landowner unfairly benefits from public spending elsewhere. If a government decides to invest public money in building a good new school in an area, it is not right that the landowners benefit from free appreciation while the renters are forced to pay more.
- nemo44x 5y agoMuch of it is. Property taxes never end and in my experience only go up. Land owners are also bound to the area and assume all the risks associated with that. Renters can just get up and leave with no financial risk.
- cujo 5y agoThe landowners also pay more in the form of property taxes, at least where I'm from.