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Wouldn't reducing the profitability of landholding via taxation discourage the creation of apartment buildings, thus reducing the supply of housing and making i
by sdsd 1y ago
Wouldn't reducing the profitability of landholding via taxation discourage the creation of apartment buildings, thus reducing the supply of housing and making it more expensive?
- ipsento606 1y agoGeorgists want building apartment buildings to be profitable based on the value of the building, not the land. The idea would be that holding land becomes less profitable, but buying land for development becomes cheaper.
- schmidtleonard 1y agoIt would make land cheaper and improve the profitability of doing the conversion. Paying people to sit on land is hilariously inefficient. Welfare for the rich.