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> Just imagine if the public could capture the (financial) upside it produces... Like through taxes on the sale of the property or the increased business incom
by RhysU 2y ago
> Just imagine if the public could capture the (financial) upside it produces...
Like through taxes on the sale of the property or the increased business income it produces? The public will.
- llamaimperative 2y agoNo, taxes on the unimproved value of the land
- RhysU 2y agoProperty taxes include that, generally.
- jeromegv 2y agoThis typically goes to the higher level of government. Not the local one that manage and build that transit system.
- RhysU 2y agoWhy should the transit system butt into the jurisdiction of the traditional government just because transit is built somewhere? As a silly dystopia, imagine that a transit agency could grab revenue as you suggest it might. Then everything becomes a transit land grab.
- Scoundreller 2y ago> Like through taxes on the sale of the property That just encourages corporate ownership of property (unless you mitigate that), but overall I don’t know why we’d disincentivize moving closer to a new workplace or into a smaller home once it will do for you.
- bobthepanda 2y agoIt also disincentivizes speculation, which is just a flurry of repeated transactions.
- Scoundreller 2y agoSpec can be loooooong term, even longer than natural person
- bobthepanda 2y agoPerfect is not the enemy of good.
- bobthepanda 2y agoIn a lot of places, due to tax revolts there are now property tax caps which effectively prevent this from happening.
- RhysU 2y agoThen the people have spoken. They can speak again and differently if they like.