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> Im just proposing leveling the playing field between renters and owners by limiting owners' right to capitalize on land value increases. Nobody is capitalizi
by teakettle42 4y ago
> Im just proposing leveling the playing field between renters and owners by limiting owners' right to capitalize on land value increases.
Nobody is capitalizing on unrealized land value increases. That’s literally the definition of “unrealized”.
“Make everything terrible for everyone” is one way to level a playing field, but rarely a good way.
> That is, taking away what are effectively handouts given to you. Free money. Wealth you didnt earn because the land value isnt about you or your house.
What free money? The wealth is unrealized. If I want to continue living in my community, it may never be realized.
When and if it ever is, you can tax it.
> With a higher land value tax land would HAVE to be used more efficiently
Forcing more people from their homes and destroying their community.