Re:Letter from a Young Distributist: Georgism and Distributism
by skybrian on Friday April 29, 2022 @04:12AM
(#31202656)
Seems like if the increase in the tax rate is hardly noticeable then it isn't going to lower land prices very much? You'd need a hefty tax to make desirable locations not worth spending money on.
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Re:Letter from a Young Distributist: Georgism and Distributism
by brightly-salty on Friday April 29, 2022 @07:48AM
(#31203972)
Land prices decrease proportionally with the level of LVT implemented: 0% of today gives a 100% sales price; 25% LVT gives a 75% sales price; etc; 100% LVT as I propose gives a 0% sales price. Of course the prices increase in a particular transaction more than the exact amount if the buyer wants to live on the land for a long time, though.