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the extremely unpopular but logical next step in managing change would be to induce development by increasing property taxes. Basically compel people to move a
by orange_joe 2y ago
the extremely unpopular but logical next step in managing change would be to induce development by increasing property taxes. Basically compel people to move and sell their land to developers who build up the land.
- vondur 2y agoSo, what if it were you in that position? What if your income was reduced and now the Government increases the property tax so you can no longer afford to pay for it? And let's add in the Government has a large tax on capital gains, which will kick in if you sell that property, and now you can't afford a new property somewhere else?
- orange_joe 2y ago1. I’m being descriptive not prescriptive. property taxes being used to drive urbanization and development is a standard urban planning practice and was used to be used in LA during they heyday of its growth. 2. Your issue with what I said seems very dependent on something you chose to “add in” — Why am I being asked to defend something I never said?
- dmitrygr 2y ago> is a standard urban planning practice and was used to be used in LA during they heyday of its growth Do you thus imply that ANY part of LA at all is a sane model for anything at all?
- csomar 2y agoDo you mean vacant land property taxes or property taxes for all real-estate?