4 ms·
land value tax is not assessed on the basis of who is presumed able to afford it. it's assessed against the use of a public good --- the ability of more people
by elipsey 5y ago
land value tax is not assessed on the basis of who is presumed able to afford it. it's assessed against the use of a public good --- the ability of more people to live and work in the city that perhaps makes the land more valuable than when the owner bought it.
also observe that the purpose of the tax is not strictly to raise revenue, but to address what would otherwise be an externalized cost and make the housing market more efficient.
- Ericson2314 5y ago> also observe that the purpose of the tax is not strictly to raise revenue, but to address what would otherwise be an externalized cost and make the housing market more efficient. In a time and place where we can deficit spend well, and more demand unlocks more growth, this should be the primary purpose of most taxation.