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I fail to see how to tax land at a rate that would hurt rich cash loaded people/corporations and still make homes affordable. If your plan works to the point p
by frumper 5y ago
I fail to see how to tax land at a rate that would hurt rich cash loaded people/corporations and still make homes affordable. If your plan works to the point people can afford the taxes on the cheap homes then the rich people can also afford to have neighborhoods of rentals. Please present your idea though, maybe I'm not understanding.
- jrs235 5y agoIt's not about hurting rich people. Where is this class warfare idea coming from?! It's about making the best use of the land. A land tax encourages building denser housing and therefore increasing the number of homes available to people, putting downward pressure on housing (and rent) prices. A land tax does not go up if the dwelling on it go up in value/price. It encourages replacing single family homes with denser dwellings.