4 ms·
This is the concept of a Land Value Tax (LVT), except that unlike a property tax, LVT wouldn't tax your own improvements to property (like building a house), on
by xvedejas 5y ago
This is the concept of a Land Value Tax (LVT), except that unlike a property tax, LVT wouldn't tax your own improvements to property (like building a house), only 100% of fortune gained from land appreciation.
- lifeisstillgood 5y agoBut how to implement a LVT? There is a comment just above that profit from selling a house is taxed as income! (!!!) As long as commerical and personal taxes are aligned, that seems a strong solution. But no politician in US / UK could survive after introducing it.