Re:Land-value tax: Why Henry George had a point
by eru on Sunday October 25, 2015 @07:51AM
(#10446685)
> But it is absurd to tax someone on an income he doesn't have.
You have the income. It's just never hits the market. If you have your own property and live in it, you are producing and consuming `housing'. That can be taxed.
Similar arguments apply for idle property. Opportunity costs are real.
You have the income. It's just never hits the market. If you have your own property and live in it, you are producing and consuming `housing'. That can be taxed.
Similar arguments apply for idle property. Opportunity costs are real.