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.
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.