4 ms·
Ah, Henry George was right once again. Land Value Tax solves this.
by llamaimperative 2y ago
Ah, Henry George was right once again.
Land Value Tax solves this.
- genpfault 2y agohttps://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax
- anonfordays 2y agoLVT encourages sprawl. States that have high property taxes implement some of tenants of LVT already and it hasn't solved anything.
- llamaimperative 2y ago1. Property tax is not land value tax, and "high property tax" does not behave at all like a quasi-land value tax even if land value is a component of the property tax. 2. No, it specifically makes sprawl very expensive relative to density, and economic decisions are largely made on a comparative basis. LVT makes it free to increase the density/productivity of your existing lot, while taking ownership of another lot (more area) introduces a huge new tax burden that you have to put to very productive use very quickly. It's way, way cheaper to increase density than sprawl under LVT.
- anonfordays 2y ago>Property tax is not land value tax A lot of property tax is land value tax, especially in rural areas where there are little to no improvements. >No, it specifically makes sprawl very expensive relative to density Not at all, it contributes to sprawl. Cheaper land is farther out of the city centers, so it lessens the cost of purchasing real estate farther and farther out.