3 ms·
So what? If they own property that doesn't have anything to do with the country, it doesn't need maintaining roads and infrastructure (which is the tax is for i
by xiphias2 4y ago
So what? If they own property that doesn't have anything to do with the country, it doesn't need maintaining roads and infrastructure (which is the tax is for in theory).
Real estate property based taxation has a long history of supporters as the most fair tax there is.
- kyralis 4y agoWat? Only a small portion of services are related to land. Property tax is in fact usually considered quite regressive and hardly "the most fair tax there is."
- friend_and_foe 4y agoThe two biggest expenses, territorial defense and domestic infrastructure, are directly related to land. The other two big ones, administration of justice (courts) and protection of international commerce (navy) either are closely enough connected to land property or have their own revenue generation mechanisms.
- astrange 4y agoLVT is the optimal tax (no deadweight loss). Property tax has issues because it taxes improvements, but we probably want improvements. Both of them are very unpopular with the people who have to pay them, because they force you to find productivity increases and you might be a retiree. Or just a landlord who refuses to develop an empty lot in the middle of a city.
- kazinator 4y agoI feel the argument has gone cirular. People earn an income and keep wealth. The remark was made that those can be hidden, and the rich are good at that. Someone proposes that land be taxed: "ya can't hide land". But no, that won't work, because people can get foreign land. Oh, but that's okay because foreign land doesn't consume local resources like roads and infrastructure. So ... it's okay to hide your income into foreign land. Wait, what were we talking about?