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How much would you pay for land that has 100% of its rental value taxed away every year?
by brightly-salty 4y ago
How 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.