3 ms·
Yes! I've been saying this for a while. A basic income funded by a land value tax would solve a lot of society's problems, I feel. Unfortunately I think it's a
by ksrm 13y ago
Yes! I've been saying this for a while. A basic income funded by a land value tax would solve a lot of society's problems, I feel. Unfortunately I think it's a bit too radical for most people.
- xavi 13y agoThis means that you would structure the land value tax so that enough money could be collected to pay a basic income for everyone? That's certainly an option, although I'm not sure if I would vote for that, I guess that it would depend on the amount of that basic income. Anyway, the important thing would be to agree on a single tax based on land value. Maybe some people find it too radical, I don't know, but what's clear for me is that the current system is not sustainable. Maybe when the current system collapses completely it wont't be too radical anymore :)
- rbritton 13y agoHow do you then value the land? Property taxes in many areas of the US are notorious for being arbitrarily determined based on the amount the tax jurisdiction needs rather than the true value of the property. In my area it's not uncommon for two houses in the same area of similar builds to be valued differently for tax purposes. Our property valuation went up $53,000 last year while comparable houses in the area were around $15,000 down.