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If you are going to fiddle around with taxes, simply moving to a land tax would do a 1000x more then some marginal tax changes. The reality is a society isn't
by panick21_ 4y ago
If you are going to fiddle around with taxes, simply moving to a land tax would do a 1000x more then some marginal tax changes.
The reality is a society isn't richer just because people own home.
I much rather live in a society with low ownership rates and good zoning and land use policies. Then in a society with high ownership rates and bad zoning and land use policy.
It seems to me the US argues way to much about home ownership and not enough about zoning and land use.
The reality of the tax system is that current single family homes are ALWAYS massively undertaxed. Strontowns has lots of data on that. What you are suggesting would make this issue even worse because multi-family homes are often by institutional investors too.
A land-value tax, a fee based service cost (block based) and much higher cost for the highway. Plus of course changes in the insane zoning laws. Are real solutions to real problems.
- imtringued 4y agoHomeowners have voting power. You need to convince the homeowners by giving them a rebate on the land value tax.
- panick21_ 4y agoWhy? Land value tax isn't bad for home owners. It would simply replace property tax. Land value tax pushes speculators and people with empty properties or under-used property. People who live in subburb don't lose on a land value tax based system.