4 ms·
Only residents who own tons of land they aren't doing anything productive with.
by JamesBarney 4y ago
Only residents who own tons of land they aren't doing anything productive with.
- deleted 4y ago[deleted]
- boringg 4y agoThe whole argument is how to make housing more affordable to live in. Your argument is ... pay more for land tax to avoid speculation however if you live somewhere in order to pay for it you need to consistently be more productive than the speculators (who would just charge the land tax to the renters anyways). Which doesn't solve the problem in any way shape or form.
- JamesBarney 4y agoIt does because taxes don't disappear. Say we tax land at 4% and the value of all the land in the US is 100k per person. That means the average person pays an extra 4k and each person receives a $4,000 check. If you own an average amount of land you aren't any worse off.
- giantg2 4y agoBut what is considered average can change. This is especially true since the land value is not uniform like your hypothetical example. Any system like this can be manipulated for one group to use against a minority group.
- giantg2 4y agoThat might be how it starts, but history shows rates balloon over time. We already have senior being kicked out because of property tax. Your definition of "tons" of land is vague and may be used against people who have moderate amounts of land (.5-1ac).