3 ms·
LVT is economically simple, just politically impossible, especially at a scale that would make a big difference (i.e. replacing income tax with land value tax).
by prottog 4y ago
LVT is economically simple, just politically impossible, especially at a scale that would make a big difference (i.e. replacing income tax with land value tax).
> But it also creates a huge incentive to block development on a town level to keep taxes low.
Wouldn't the town as a government entity be incentivized to foster development to raise tax revenue? The only people who I could see might have an incentive against development is property owners in parcels near the ones being developed, since their land value and therefore taxes will go up; but usually those same people will benefit from the additional economic activity that comes from development, so I'm not convinced.