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> A land value tax does not make home ownership expensive. It makes land consumption expensive. Distinction without a difference, a home includes the costs of
by protocolture 1y ago
> A land value tax does not make home ownership expensive. It makes land consumption expensive.
Distinction without a difference, a home includes the costs of the land it sits on, at least until you find a way to teleport a home to cheaper land without a cost.
>But if someone wants a sprawling estate, they should expect to pay more
LVT isnt about taxing sprawling estates more than other homes. Its about charging tax based on proportional value of the land being occupied. Land value is largely informed by factors that home owners cannot control.
>It doesn’t punish ownership — it rewards efficient use.
It does both, and it very obviously does both.
- ETH_start 1y agoIt is a meaningful distinction because you can move to a home that uses little land.