Re:Tax the Land
by thematrixturtle on Saturday April 16, 2022 @02:27AM
(#31050073)
> I would be forced to sell the land that I want to keep and sell later for appreciation value.
This is the literal point of the LVT: to make it more expensive to hold land unused for speculative purposes, and thus incentivize doing something productive with it instead.
Of course I would be forced to sell it because the taxes would be too high. That's the whole point. Because of tax policy I would be forced to sell the land that I want to keep and sell later for appreciation value.
Sometimes we forget that this is a capitalist free market country. I'm free to do what I want with my own land and my own capital.
Sometimes it is not optimal, but if you take that part away, what incentive do people have to do business anymore?