Re:Land-value tax: Why Henry George had a point
by tehwalrus on Tuesday October 27, 2015 @02:32AM
(#10456599)
Immediacy is a problem, yes. That's why at the start of a LVT people must be allowed a grace period of a couple of years to pay. Some argue for deferring such taxes until the property is sold or inherited, but that could lead to even worse situations like the one described.
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Re:Land-value tax: Why Henry George had a point
by mrow84 on Tuesday October 27, 2015 @04:24PM
(#10460845)
Mightn't the deferral of tax payments until newly-taxed properties are sold or inherited remove (or at least reduce) the time correlation, thus improving the market position of the sellers?
Avoiding any adjustment in ownership patterns seems impossible to achieve without strong legislation, but attempting to provide adequate compensation through the market (rather than the government) seems like it might work? (question mark because I really have no idea...)