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A comment on Land-value tax: Why Henry George had a point. Parent comment

Re:Land-value tax: Why Henry George had a point by ownagefool on Saturday October 24, 2015 @06:26AM (#10443122)
It's pretty trivial to get round though, give people an exemption on the primary residence. That way, the vast majority are unaffected yet those that invest in land are.

In the UK the system is already quite a bit like this. When I sell a BTL property I need to pay Capitial Gains, but not for my primary residence. Sure, it allows some loopholes, but it'll probably save you a lot of votes too.

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Re:Land-value tax: Why Henry George had a point by eru on Sunday October 25, 2015 @07:32AM (#10446659)
> Sure, it allows some loopholes, but it'll probably save you a lot of votes too.

Alas, yes. Not only loopholes, but favours homeowners, who are already among the better off, over the real poor.

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Re:Land-value tax: Why Henry George had a point by ownagefool on Sunday October 25, 2015 @11:04AM (#10447042)
Indeed it does.

However as you move away from owning being an investment, the same homeowner based wealth will deteriorate and you'd likely own where it's convenient rather than trying to make money.

I don't think that's a terrible situation if your goal is to take the teeth out of the property market, rather than trying to destroy wealth in general.

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