Re:Low interest rates in advanced countries have pushed mone...
by eru on Saturday November 27, 2021 @01:56AM
(#29358163)
> Well, no, its very different than having no LVT, and in a way which encourages, rather than discourages, wealth concentration; given the context in which it was suggested (specifically, in response to options for reducing wealth concentration being sought), that's a pretty salient difference.
Could you please explain that?
LVT doesn't make any difference to land use. But it does make land owning expensive. So you could suggest it as a way to reduce wealth concentration. I don't see the contradiction?
> A tax that makes certain uses generally economically impractical, as a heavy LVT would be, is effectively identical to a ban on those uses.
Huh? Eg a moderate tax on petrol stations would certainly lead to fewer petrol stations, wouldn't it? Things happen at the margins.
Well, no, its very different than having no LVT, and in a way which encourages, rather than discourages, wealth concentration; given the context in which it was suggested (specifically, in response to options for reducing wealth concentration being sought), that's a pretty salient difference.
> The government is still free to ban or tax certain uses they don't like.
A tax that makes certain uses generally economically impractical, as a heavy LVT would be, is effectively identical to a ban on those uses.