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Focusing on that one issue presents an incomplete picture, to say the least. LVT has been tried many places, and has been no less successful than other tax syst
by notacoward 4y ago
Focusing on that one issue presents an incomplete picture, to say the least. LVT has been tried many places, and has been no less successful than other tax systems. Here's a pretty thorough analysis and discussion of empirical results.
https://www.lincolninst.edu/sites/default/files/pubfiles/assessing-theory-practice-land-value-taxation-full_0.pdf https://www.lincolninst.edu/sites/default/files/pubfiles/ass...
Of course there are secondary and/or orthogonal problems that need to be solved. Of course there are some people who complain, either because they are truly being overtaxed or (more often) because they think they personally would do better under some other system. Just like literally every other tax system including the ones most of us live under right now. LVT is no panacea, but there are legitimate reasons to believe it's a fundamentally better starting point than the mishmash of income, sales, and property taxes we have now.