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Land Value Tax says you tax land at a (high) flat rate per area regardless of value to encourage density. That is entirely different from higher property taxes
by b9a2cab5 5y ago
Land Value Tax says you tax land at a (high) flat rate per area regardless of value to encourage density. That is entirely different from higher property taxes on landlords (which would not lower rents but might lower property values).
I agree that LVT would make a huge improvement if it was set high enough though. But it will never happen when you have homeowners leveraged up 20x on govt subsidized mortgages who vote for themselves.