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A land value tax would fix this. https://www.thebalancemoney.com/what-is-a-land-value-tax-5205929 https://www.thebalancemoney.com/what-is-a-land-value-tax-520.

• staringback 3y ago
  The solution to every problem: adding another tax
  • enragedcacti 3y ago
    LVT is an alternate scheme for calculating property taxes which already exist in every state in the US.
  • drivers99 3y ago
    The stuff I've seen about LVT is that it's supposed to replace all other taxes with it, as opposed to taxing income/work and property (making improvements on the land, making it and nearby land more valuable).
• ClassyJacket 3y ago
  A drive in cinema I loved going to shut down last week because a land value tax made it impossible to conduct their business there. They were being charged over one thousand dollars per day of tax because in that area, tax is calculated ignoring what's actually on the land. If it was shut down and turned into apartments (which is what's happening now), the tax is spread out across all owners and manageable. But concentrated on one business, it made it impossible to run. Land value tax is anti-business. No thanks.
  • myroon5 3y ago
    > tax is calculated ignoring what's actually on the land Isn't that the point? LVT forces land to be valued more so large less productive land use shifts to more productive use