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Land Value Tax creates what would otherwise be a market pressure dynamic to sell. Since real estate isn't a normal (nor decidedly functional) marketplace - beca
by no_wizard 2y ago
Land Value Tax creates what would otherwise be a market pressure dynamic to sell. Since real estate isn't a normal (nor decidedly functional) marketplace - because you can't simply make new land in any realistic quantity - it comes as close as it can to creating a situation that increases utilization and decreases inefficient use of land.
The incentives under an LVT system run in the opposite direction of what they do now.
- Earw0rm 2y agoYes, that's broadly a good thing which tilts the playing field in favour of locating productive people close to their work. Whether it's possible to set it at a level strong enough to produce the right "nudge" without creating a bunch of unintended consequences, harder to say. Probably worth trying in a few city-regions though to see what happens.