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I'd be fine with paying a tax "on the gains that the rest of society generated for you" upon me selling that land to someone else. Just like capital gains on e
by abstractbarista 5y ago
I'd be fine with paying a tax "on the gains that the rest of society generated for you" upon me selling that land to someone else.
Just like capital gains on equities. I don't pay until I realize. I'm happy to pay some property tax in the meantime to keep gov't services running in the area.
But any other method is terrifying to me and makes me start thinking "What super rural state can I move to in retirement to buy a nice parcel and be seriously left alone these days?"
- rcpt 5y agoWith equities you're helping the economy by keeping your money invested in our companies. We need investors capital to remain competitive and we should incentivze you to stay invested as long as possible. With land you're continually depriving the local community of the space they need to live and work. Every hour spent commuting past your yard is an hour wasted. You should continually pay for the privilege of exclusive access to an in demand part of the nation.
- sagarm 5y agoOr put more simply: land ownership is a form of consumption. Stock ownership is not.