2 ms·

After they do this a few years in a row, the family will be bankrupt from paying property tax and the "Big" firm will be able to buy the farm for less than it w

After they do this a few years in a row, the family will be bankrupt from paying property tax and the "Big" firm will be able to buy the farm for less than it was originally worth.

tome 5y ago
That seems a very precise conclusion to draw from a very imprecise proposal!
eutropia 5y ago
the normal solution is that owner/operators or owner/residents don’t pay the LVT until time of sale, and could instead pay modest interest on the LVT.