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Infrastructure can be easily made exempt by law - government need not pay taxes to itself. (Unless you are trying for anarchocapitalism, in which case you foun
by AstralStorm 5y ago
Infrastructure can be easily made exempt by law - government need not pay taxes to itself.
(Unless you are trying for anarchocapitalism, in which case you found a neat argument why it might have problems.)
Otherwise I fail to see how having more tax income makes it harder to fund infrastructure investments.
- seanmcdirmid 5y agoThe issue is scaling and evenness. If the land tax is crushing, it will definitely pull in enough revenue, but the people will revolt so it shouldn’t be that. Now it has to be adjusted to somewhat fair, but since it isn’t geared towards the value of buildings on top, it isn’t related to infrastructure needs, so the money to fund those will probably have to at least partially come from other tax sources. And it’s not like we throw all the money into one pot and then distribute as needed (though maybe we should?). Property tax today scales with improvements, which are more correlated to infrastructure needs. That leads to unbalance as well, as richer districts can get more revenue while poorer ones (whose property are worth less) can starve.