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the tax experiment I'd like to see applied at scale is a Land Value Tax. for the unfamiliar, the gist is taxing the value of the land, not the improvements on
by inhumantsar 2y ago
the tax experiment I'd like to see applied at scale is a Land Value Tax.
for the unfamiliar, the gist is taxing the value of the land, not the improvements on it. the idea being to reduce the amount of land speculation, expands the number of homes built, and lower the cost of doing business by incentivizing land owners to use the land to its fullest productive potential. eg: replacing a single-family homes with multi-family homes, surface parking for multi-level garages, or empty lots for literally anything.
add to that tax advantages for things like rewilding, below-market rentals, or other public-good use cases, and anti-nimby reforms and it could make a number of separate government programs easier to implement, if not redundant.
- cpursley 2y agoThis is an interesting idea. How do you handle the situation with retired/fixed income people (say, who are retirement age and paid off their mortgage and trying to keep expenses low)?