4 ms·
Well, I want more multifamily housing (apartments or condos) to lower prices in good cities near pubic transit. So let me propose: a wealth tax on land! ("Geor
by mrDmrTmrJ 10mo ago
Well, I want more multifamily housing (apartments or condos) to lower prices in good cities near pubic transit.
So let me propose: a wealth tax on land! ("Georgism"). But not a tax on the "value of improvements," i.e, buildings. This disincentivizes single-family homes near train stations (widespread in the town I grew up in) and is very low-cost to collect.
I don't know where you're writing from. But here in California, the source of all evil (Prop 13) originated with single-family homeowners trying to *escape the property taxes that result from their opposing new development.
Given how spectacularly CA housing policy has failed, perhaps it's time to try the opposite: Let's abolish all income taxes and exclusively tax land instead! (Land taxes have the property of being extremely progressive wealth taxes that are dead simple to administer.)
- the_sleaze_ 10mo agoNow my corporation owns my house, I rent from myself and since the rent my corp is charging is so incredibly low its essentially a write off.
- quesera 10mo agoThat arrangement will not pass IRS muster. Not that the system would not be abused, but the obvious exploit is not going to work.