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> It's completely unavoidable for land owners, renters pay nothing at all, In this world, renters pay all of the expenses incurred by land owners via a payment
by anamax 2y ago
> It's completely unavoidable for land owners, renters pay nothing at all,
In this world, renters pay all of the expenses incurred by land owners via a payment we call "rent".
Note that LVT discourages diverse development. You see an empty piece of land that should be filled with condos. I see an open space that lets me see something other than condos.
- pydry 2y agoIn this world renters already pay a 100% land value tax. Levy a land value tax on landlords and renters will neither pay more nor less. It's already baked into market rent. There is law, economic or otherwise that a business has to make a profit. With an LVT you cant profit from land speculation only providing a good, well maintained property which uses space efficiently. LVT does not discourage diverse development. It only discourages land hoarding and inefficient use of land (e.g. San Francisco's one family homes).