4 ms·
This has already been solved. The solution is a land value tax.
by scatters 4y ago
This has already been solved. The solution is a land value tax.
- ChuckNorris89 4y agoMaybe the land value taxes are (intentionally) too low for the super rich who own lots of land? Maybe we need a differential land tax system that's very low taxes for small areas intended for personal living(shelter), and taxes that go up progressively the more land you own, especially if you use it to rent-seek. It should discourage land hoarding and feudalistic rent seeking. @benj111 That was just an example off the top of my head. Obviously more qualified people than me can come with a sensible model that accounts for farms and other land used by businesses who need it. My main idea was to discourage rent seeking not farms and other businesses who contribute to society.
- benj111 4y agoHow would farms fit in this model?
- mschuster91 4y agoFarm land is already differently taxed in most parts of the world.
- benj111 4y agoRight but we are talking about introducing a new model
- tekknik 4y agoWhat is the definition of too much land? If I save up for my entire life making $100k a year across the family and buy 100acres should the gov be able to tax me off that land?
- llampx 4y agoWhere has this been solved and a land value tax implemented?
- scatters 4y agohttps://en.wikipedia.org/wiki/Land_value_tax#Implementation https://en.wikipedia.org/wiki/Land_value_tax#Implementation