3 ms·
> If the land value tax is paid by the homeowner, the sales price of the land is zero (under a 100% LVT) I let that bit of bogosity slip by me. The sales pric
by anamax 4y ago
> If the land value tax is paid by the homeowner, the sales price of the land is zero (under a 100% LVT)
I let that bit of bogosity slip by me.
The sales price of valuable land will never be 0.
Govt may not see the price, but it will be paid.
You've convinced me that Georgists don't have any experience with actual people or economies. They just have a theory unmoored to reality.
- brightly-salty 4y agoHow much would you pay for land that has 100% of its rental value taxed away every year?
- anamax 4y agoWord games aside, I'd pay for land if I'd make money by doing so. Suppose that I own a building. I may, or may not, pay for the land it sits on. In the "land value is taxed 100%" regime, it doesn't make sense for land owners to charge rent because govt takes the "land rent". %100% of 0 is 0. I'm pretty sure that they'll figure out some way to get compensated. If they can't, no one will bother to own land.