3 ms·
Unfortunately it is impossible to institute a single land-value-tax without federal change
by beeflet 1y ago
Unfortunately it is impossible to institute a single land-value-tax without federal change
- gottorf 1y agoHigh housing prices are probably 5% caused by economically inefficient uses of land (e.g. surface lots in downtown areas) that an LVT would solve, and 95% by zoning and other building regulations. Though perhaps you're right that if the only tax allowed to be collected was LVT, zoning would automatically cease to be an issue.