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Wouldn't mortgaging and bootstrapping profitable land use become incredibly hard in a world where 100% of land value was taxed?
by mekkkkkk 4y ago
Wouldn't mortgaging and bootstrapping profitable land use become incredibly hard in a world where 100% of land value was taxed?
- zozbot234 4y agoOn the contrary, it would be easier because you'd only need to take a mortgage on the improvement value, the land itself would be very cheap. Sure, you'd have to pay ground rent to the government but that would simply offset other taxes you would've owed regardless.