3 ms·
> The big problem with a land tax is that you'd have billionaires paying little tax. I don't think so. Billionaires consume quite a lot of real-estate, even i
by eli_gottlieb 2y ago
> The big problem with a land tax is that you'd have billionaires paying little tax.
I don't think so. Billionaires consume quite a lot of real-estate, even if indirectly through their business enterprises. Consider the Google campus in Mountain View or the Microsoft one in Redmond.
- danielmarkbruce 2y agoTake the average person and how much they have tied up (either income or net worth wise) in their house. It's not even close.
- mcmoor 2y agoI've seen some calculations that claim that LVT makes most people's property tax lowers.
- danielmarkbruce 2y agoI mean I guess you could scale the tax and make it that way, but at least on the surface that seems impossible.