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A land value tax that is set based on basic income needs actually would curb land-owners from raising rents. If they're taxed based on say average rents, if th
by gremlinsinc 5y ago
A land value tax that is set based on basic income needs actually would curb land-owners from raising rents.
If they're taxed based on say average rents, if that goes up their taxes goes up as much as the difference and it goes down and gives them a bonus drop-off IF they are below averages, then I think it could even out more.
LVT's a great way to fund UBI, many great articles on it.
- josephcsible 5y agoTying taxes to average rents seems like it will cause a Prisoners' Dilemma that will send rent skyrocketing.
- raincom 5y agoThe issue is: whether the policy of LVT funding GBI has political support in legislative bodies? I don’t think so since the majority of legislators come from upper classes.