4 ms·

LVT would remove the disincentive to develop housing, so cost of living would drop as more is built. Even if a homeowner couldn’t keep up with the land tax, the

LVT would remove the disincentive to develop housing, so cost of living would drop as more is built. Even if a homeowner couldn’t keep up with the land tax, they’d be much more likely to be able to find housing in the same area. Compare to right now, where every generation can’t afford to live in their own hometown, because there’s only upwards pressure on housing costs, so families and support networks are constantly being torn apart.

somethoughts 3y ago
Yes - I think pure Georgism works if you don't have zoning restrictions and abundant flat land and slow linear growth. OR you have proper planning and build it into the city charter. The city needs to have planned for the locations of future additional schools/recreational infrastructure/transporation a priori and have sufficient resources (water, gas, electricity, sewage). There also need to be proper addendums to any purchase agreements to highlight the potential for severe property tax increases. Post facto switchovers to or continuation of pure LVT don't seem like they would work realistically.