2 ms·
>Is this really not common? I constantly see internet claims about how it would cause violent uproar from evil land owners if we taxed land value, but as a land
by pydry 1y ago
>Is this really not common? I constantly see internet claims about how it would cause violent uproar from evil land owners if we taxed land value, but as a land owner I can tell you it’s already happening.
LVT does exist in several places in the world but it's usually around ~3-5%. Unusually for most taxes, it can be raised probably to almost 100% without any economic ill effects, but the land ownership classes would raise absolute hell.
This is how their propaganda mouthpieces reacted in the UK at the proposal: https://archive.ph/6gtRC https://archive.ph/6gtRC
>That would be awesome for the people with giant, new construction houses around me but not so good for those of us with smaller, older construction buildings
Not sure why you feel specifically singled out, but ok.
It would be most awesome for people living in high density apartments and least awesome for people who live in crappy low density housing in high value areas which ought to be converted to apartments.
>It would be really bad for the old people living out their final years in their modest old houses which need a lot of repairs (and therefore have low structure grades in the tax system and low structure taxation).
Only if you pretend that those people can't move, and they would. Those people would just downshift to apartments in response - this used to be a lot more common anyway - my grandmother did this.
If you want somebody to feel sorry for, though, feel sorry for old people living out their final years in rented accomodation. If you rent, by definition, you have to pay LVT (to a private landlord), and if you can't pay - to the street for you.