4 ms·
It'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 d
by jrs235 5y ago
It'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.