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This is why we must implement a land value tax as Henry George proposed. People should not be able to profit from squatting on / hoarding land.
by nayuki 3y ago
This is why we must implement a land value tax as Henry George proposed. People should not be able to profit from squatting on / hoarding land.
- applied_heat 3y agoWhere I live we already have property taxes indexed to the value of the property, and a tax on secondary dwellings that are not rented out.
- nayuki 3y agoThe problem with property tax instead of land value tax is that a parking lot operator pays a lot less tax than the 30-storey apartment building next door. This is despite the fact that both plots of land have the same neighborhood amenities and same development potential. See https://www.youtube.com/watch?v=xqQhoZgFZgk https://www.youtube.com/watch?v=xqQhoZgFZgk