4 ms·
I'll bite, how would land value tax fix raves not being profitable enough to afford their venues? It seems to me like it make things worse.
by some_random 2y ago
I'll bite, how would land value tax fix raves not being profitable enough to afford their venues? It seems to me like it make things worse.
- owisd 2y agoThe theory is that (a) the tax would be paid by the property owner and not the venue (it is assumed rent follows an econ 102 inelastic supply model) and (b) property would be less attractive as a store of wealth so prices would drop.