4 ms·
Land should be a public commodity, nobody should be able to own the land, or the resources under them, or the lakes, or the sky, etc. Buildings should be 'perm
by gremlinsinc 4y ago
Land should be a public commodity, nobody should be able to own the land, or the resources under them, or the lakes, or the sky, etc.
Buildings should be 'permitted' to be built on land, and people can own the land insomuch as they pay land value taxes for the utilization of the land. If it's a primary purpose and they don't get income from it, then the tax would be nil, if it's a second home they'd get 90% off as they're still a 'small fry', maybe 3-10 homes is 50% of full tax, and 10+ is the full tax.
LVT can then be funneled into housing programs, housing assistance funds, or straight up basic income.
Land value tax is the tax of the value the owner gets from the land, so if you're airbnb'ing you'd pay more if you make 10k per month in airbnb, then if you're renting long-term for 2k/month. If you still have a mortgage, you could maybe have some sort of deduction - but again that's only if you're owning 3 or less homes, anyone leveraging credit for 10+ homes should be able to afford mortgage out of their normal cash-flows, or they're over-levereged and need to dump a property or two.
- jjk166 4y agoSo someone who uses land very inefficiently and thus gets very little value out of the land should have it for close to free, whereas someone who would use it efficiently and thus derive lots of value from it should have to pay large sums to keep using it that way? Seems like a perverse incentive to me.
- deleted 4y ago[deleted]