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Land value tax does not make land worthless. It makes land speculation less “rent-seeking”. If you’re not doing anything meaningful with the land, then it’s no
by r00fus 2y ago
Land value tax does not make land worthless. It makes land speculation less “rent-seeking”.
If you’re not doing anything meaningful with the land, then it’s not gonna be profitable to own.
- HDThoreaun 2y agoTrue land value tax collects almost all of the lands rents. An asset with no profits is inherently worthless.