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You can just use a simpler land tax system. Owner occupier properties exempt. Investor owned properties X% per year.
by postingawayonhn 5y ago
You can just use a simpler land tax system.
Owner occupier properties exempt. Investor owned properties X% per year.
- Ekaros 5y agoI wonder wouldn't it be just simpler to ban private land ownership in cities.
- imtringued 5y agoThis idea is slightly better than a land value tax but implementing it is a financing nightmare. You'll have to spend the entire government budget on buying all private plots of land.
- mattmanser 5y agoA significant number of people need, for various reasons, to rent.
- iso1210 5y agoOr just have a simple X% per year no matter who owns it
- postingawayonhn 5y agoThat should work to lower prices but will also increase costs for home owners. If the goal is to increase home ownership rates then giving them an advantage in the market can help.
- iso1210 5y agoYou could distribute the money raised as either tax cuts to income tax, or just as a flat dividend to every citizen. If a person owns an average house and pays $10k in tax, their dividend would return $10k - so no loss. If they own 5 average houses and pay $10k per house in tax, they'd pay $50k and their dividend would return $10k, so would have to pay $40k more