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A land value tax, in theory, discourages the mere holding of unproductive land. Encouraging the land to go into the hands of people who will actually use it cou
by jameshart 3y ago
A land value tax, in theory, discourages the mere holding of unproductive land. Encouraging the land to go into the hands of people who will actually use it could, in theory, have some regenerative value to a declining city.
- tomrod 3y agoWhere does the land go when no one buys it or pays taxes?
- TulliusCicero 3y agoPresumably to the government, who might use it -- or sell it -- later.
- tomrod 3y agoUnder the US system, I could see this having issues if the State, Federal, or County/Municipality holds it. What if the current entity doesn't do what the other wants performed with it?
- deleted 3y ago[deleted]