LVTfan

5 ms·

1.
by LVTfan 1y ago
You wrote, "the amount of revenue from property tax is only intended to act like collateral damage." You might take a look at these two articles: https://taxfoundation.org/research/all/state/prope
2.
by LVTfan 2y ago
and save up a down payment. Easier in some places than in others.
3.
by LVTfan 2y ago
Barrista, I'm guessing, as at Starbucks?
4.
by LVTfan 2y ago
but the upper middle class is relatively small, depending on how you define upper middle class. Nationally, one might say the 15% who are below the 95th percentile (but locally is what matters for the purpose of buying property, and maybe
5.
by LVTfan 2y ago
If one wants children, is planning on children, one wants good public schools for them, and those are generally found in areas with significant population and higher land values. If you can plan around home schooling and one parent staying
6.
by LVTfan 2y ago
It might lead one to think that there is one underlying cause of the problem. Read Henry George's book PROGRESS AND POVERTY to learn what it is, and his remedy for it.
7.
by LVTfan 2y ago
George was only "radical" because he sought out the root of the existence of involuntary poverty in the midst of riches, and then described a simple way of eradicating it. Economists employed by universities founded by monopolists
8.
by LVTfan 2y ago
Also important is that the supply of money, of houses and of hotels is fixed.
9.
by LVTfan 3y ago
It isn't the size of their geographical footprint. Rather, it is the location. Actually, locations, for the individual practitioner: their business and their home. They want to be in a good school district that educates all its stu
10.
by LVTfan 3y ago
As housing fads change, some styles will go out of favor. Great rooms replace lots of small rooms. Technology changes, too, will make some houses obsolete; older roof technology, plumbing, HVAC, inefficient systems, too little insulation a
11.
by LVTfan 3y ago
Those owners may still be living in the homes in which they raised a number of children, near schools they no longer need, near jobs they long ago retired from, with more house than they can afford to heat, cool, clean, maintain, and steps
12.
by LVTfan 3y ago
See the first page of lvtfan.typepad.com for the story! It goes back to November, 1887, and a speech from a then-judge, later congressman, from California.
13.
by LVTfan 3y ago
As I understand it, what prompted Prop 13, aside from the desire to serve the owners of the best land, was that while land values were rising astronomically, municipalities and elected representatives were eager to serve their constituents,
14.
by LVTfan 3y ago
As the community grows in population, it behooves people to establish businesses to serve their various needs. This creates prosperity for all those business owners and employees who provide services to maintain and improve their homes, pr
15.
by LVTfan 6y ago
Likely true of most taxes, but not true of a tax on land value. Taxing land value heavily causes underused land to either be put to good use or sold, at a reasonable price, to someone who will build on it. Taxing land value -- that is, col
16.
by LVTfan 6y ago
If instead of taxing wages, we collect the rental value of the land on which their residences and businesses are located, it is highly unlikely that the land will leave town.
17.
by LVTfan 6y ago
HG was born in Philadelphia (1839); arrived in San Francisco by 1860 or so, and lived in California until early 1880. He wrote "Our Land and Land Policy" and "Progress and Poverty" during that period, as well as owning
18.
Mason Gaffney: A Tribute [pdf](schalkenbach.org)
2 points by LVTfan 6y ago|1 comments
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by LVTfan 6y ago
Dr. Mason Gaffney, the remarkable economics professor at UC Riverside whose work was inspired by the insights of Henry George, has died, at 96. A tribute at https://schalkenbach.org/file-12/wp-content/uploads&#x2F
20.
by LVTfan 6y ago
Rural land values will remain low until there is significant economic activity and particular demand for land IN THAT PLACE. To the extent that land, say, 10 or 20 miles away is just as suited for the user's purposes, the next piece o
21.
by LVTfan 6y ago
Many people who were first influenced by Henry George's ideas became impatient with the "organicness" of them, and moved to promoting socialism because they thought it would achieve their objectives more quickly. But George
22.
by LVTfan 6y ago
Many people who were first influenced by Henry George's ideas became impatient with the "organicness" of them, and moved to promoting socialism because they thought it would achieve their objectives more quickly. But George
23.
by LVTfan 6y ago
Rural areas don't need the kinds of infrastructure that urban areas need, but they need some. They need schools, they need roads and maintenance. They'd love to have broadband. They may need drainage or water systems that serve
24.
by LVTfan 6y ago
When HG was writing, there were taxes on land, on buildings, on personal property such as watches, horses, carriages, umbrellas ... the poor paid the personal property taxes -- and widows and orphans paid them, because their trustee wouldn&
25.
by LVTfan 6y ago
To your first problem: In the simple agricultural example, clearing the land has a reasonably predictable cost, whether it is taking down centuries-old trees and removing stumps and roots, or removing the boulders, or removing the spring ha
26.
by LVTfan 6y ago
Land is finite. Capital can be created infinitely, by thriftiness of Labor. Land wasn't created by any individual or any corporation. (Minor, and not eternal, exception: Made Land, such as by filling in a swamp or dumping fill alongsi
27.
by LVTfan 6y ago
In the US, the profitability of being a "land" lord is highly dependent on the income tax deductibility of depreciation on the building. Yes, tenants will be better able to afford to purchase a home -- and will be able to sell it
28.
by LVTfan 6y ago
and likely we won't need the huge safety net that is absolutely necessary now. And tax revenues reach the government without middlemen collecting their share, so the cost will be lower to those who pay.
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by LVTfan 6y ago
most of that population was still well south of the Central Park area. Streets had been laid out, and the occasional building erected in the area. But the population density was downtown, in the tenements. Astor and others benefited as
30.
by LVTfan 6y ago
or have good reason to think that if you hold onto it for another year, it will be worth a lot more. There were years, under Prop 13, when many people's houses -- that is, their land -- rose in value by more than their gross salary. N

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