3 ms·
Land value tax has some issues as well. The zoning reform might be able to dix them, but only with some micromanaging I think. If we want walkable areas, that m
by galangalalgol 3y ago
Land value tax has some issues as well. The zoning reform might be able to dix them, but only with some micromanaging I think. If we want walkable areas, that means multi-use zoning. Not all land uses have the same roi, so if you set the land value relative to the value that comes from using it for the highest roi case, say case A, then no one will use land for case B or C. So to take it to hyperbole, you'd end up with blocks of liquor stores and no housing, or all housing and no grocers. It is a complicated problem, and the solution will also be complicated.