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It disincentivizes ownership of anything but the most high value land use. Unless there are a lot of regulations (like today) limiting use of land in particular
by RandomLensman 1y ago
It disincentivizes ownership of anything but the most high value land use. Unless there are a lot of regulations (like today) limiting use of land in particular areas, the highest value use version of housing might not be great to live in (if housing were even to be the highest value use in a lot of places).
For example, the current condo in a 40-story tower might well be far less valuable than some tiny serviced flats.
Efficient use might be a very unpleasant target to go for.
- immibis 1y ago> It disincentivizes ownership of anything but the most high value land use. So basically what we have today already, but at least a little bit fairer (but still pretty unfair, like what we have already today).
- RandomLensman 1y agoNot sure I understand how it is basically like today?
- immibis 1y agoIt disincentivizes land ownership for everything but the highest-value use?
- RandomLensman 1y agoHow is that the case now, though? What taxation regime are you thinking of?
- immibis 1y agoI'm thinking of capitalism, where businesses compete to make the most profits.
- protocolture 1y agoA home owner is not a business