4 ms·
No, I just think the current model of property taxation is immoral; the government shouldn’t be inducing gentrification and the destruction of communities. The
by teakettle42 4y ago
No, I just think the current model of property taxation is immoral; the government shouldn’t be inducing gentrification and the destruction of communities.
The model you’re proposing (LVT) is more sinister, in that the taxation rates would be set with the intention of directly coercing behavior and socially engineering other people’s lives according to your preferences.
Of course, I think you’d very quickly find that, thanks to corruption and regulatory capture, it would not be your preferences being prioritized, and you’d have simply handed a huge hammer to exploitative developers.
- TimPC 4y agoI think our current system is the one that hands developers a huge hammer. It lets them capture all of land rents. I think that’s unjust bs. But if you need to live in fantasy-land where NIMBYs are the ones saving the world instead of poisoning it, I guess you have every right to remain deluded. I’m not advocating for an LVT to force my preferences on anyone. I advocate for an LVT because I think it’s a far better form of taxation than income tax. Left and right wing economists both agree. You want to capture your own land rents so you don’t care how many developers do so as well or how harmful it is for society. Your position is basically “screw you, got mine” and it’s showing.
- teakettle42 4y agoYour position is “screw you, I want yours”, and it’s showing. Surprised it took you this long to trot out “NIMBY”. It’s pretty clear from the sudden uptick of people like you parroting the “Georgist” line that’s it’s a new (or, newly repurposed, anyway) faddish reframing of the same old ideas from the same old “give me yours” crowd.
- imtringued 4y agoIt is actually a widely accepted model by many economists to increase the efficiency of the land market. The reason why it is rarely adopted is plain corruption.
- imtringued 4y ago>The model you’re proposing (LVT) is more sinister, in that the taxation rates would be set with the intention of directly coercing behavior and socially engineering other people’s lives according to your preferences. You mean the preferences of every single human that wants to live on that plot of land. The fact that you can't even see the fact that you personally as a single person want to override the wishes of countless of people and deny them the ability to fulfill their basic need of housing is what is truly sinister. You complain about corruption yet you cannot see your own corrupt behaviour. An LVT is inherently an anti corruption policy.