Re:Georgism
by pydry on Sunday May 17, 2020 @06:38PM
(#23216163)
>Doesn't LVT increase the cost of providing the already existing housing
No, it just shifts where the land rents go.
Depending on how it was implemented it could lead to a wave of property developers going spectacularly bankrupt and a lot of mortgages secured on the value of land would be defaulted on. Stock market would likely take a hit/tank.
No, it just shifts where the land rents go.
Depending on how it was implemented it could lead to a wave of property developers going spectacularly bankrupt and a lot of mortgages secured on the value of land would be defaulted on. Stock market would likely take a hit/tank.