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The reason that most taxes can be passed on is because as price is raised, the supply and demand curve is pushed and less is made. With land, there is a finite
by ItsMonkk 4y ago
The reason that most taxes can be passed on is because as price is raised, the supply and demand curve is pushed and less is made. With land, there is a finite supply, none can be created, none can be destroyed, so land value taxes can not be passed on.
As the land value will always be zero, there is little value in holding land that you are not using productively, so speculation will drop heavily.
- fennecfoxen 4y ago> With land, there is a finite supply You say all this as if there isn't any meaningful supply-and-demand to be had in the secondary market.