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Why? Who would this system benefit? You destroy the housing market to replace it with rich landlords owning apartment buildings and charging increasing amounts
by jackcviers3 5y ago
Why? Who would this system benefit? You destroy the housing market to replace it with rich landlords owning apartment buildings and charging increasing amounts of rent to more poorer people who accumulate no equity. In your get sick scenario, you are still homeless but owe massive medical bills.
After paying off the medical bills with appreciating uome ownership, your credit is still good, and you can eventually buy another house. All your land-value tax does is punish wealth accumulation. What is the reform you wish to create? How does this help anyone?
- iso1210 5y agoLandlords already charge the maximum rent they can do. LVT doesn't punish wealth accumulation, it punishes monopolies