3 ms·
The tricky thing is it’s taxing land on what your neighbors built in their land. If you build something that makes my land valuable, I get taxed more. I like
by mercutio2 2y ago
The tricky thing is it’s taxing land on what your neighbors built in their land.
If you build something that makes my land valuable, I get taxed more.
I like the incentive structure, but I think part of the incentives are towards collectivization so you and I become one unit, which may or may not be a good thing.
- Waterluvian 2y agoI think it’s probably good but I definitely agree that it’s not an obvious one and is worthy of debate.
- mcmoor 2y agoYeah one problem I still haven't seen solved is that when you build improvements on both neighbouring land, taxes on both of those lands will increase. It seems unfair for big developers who essentially built their own cities. I've heard something about rent system where the tax is frozen for 99 years, but this seems like an obvious rule patch that'll make LVT loses what makes it unique and relevant.