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A version of this is common now in the US through Tax Increment Financing. https://www.fhwa.dot.gov/ipd/value_capture/defined/tax_increment_financing.aspx http
by showerst 2y ago
A version of this is common now in the US through Tax Increment Financing.
https://www.fhwa.dot.gov/ipd/value_capture/defined/tax_increment_financing.aspx https://www.fhwa.dot.gov/ipd/value_capture/defined/tax_incre...
- lotsofpulp 2y agoI don’t see how that is a version of what llamaimperative posts. If anything, TIF increases rewards for landowners who do nothing or otherwise underutilize land. Taxing the product of work to make a piece of land beneficial for society is amazingly backwards. The proper direction to go in is marginal land value tax rates, with increasing penalties the longer a spaces remains unused.