Re:Redfin Economist says land value tax will fix the economy
by zip1234 on Monday June 20, 2022 @03:35PM
(#31814689)
Who said anything about a very high LVT? Where LVTs have been implemented, they phase them in and can make the taxes about the same as before. It will certainly increase taxes on people that are holding an empty lot in the center of town though.
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Re:Redfin Economist says land value tax will fix the economy
by yellowapple on Monday June 20, 2022 @06:30PM
(#31817016)
A 100% LVT is the endgoal (since that represents full compensation for the externalities produced by excluding others from land), but I don't know of anyone proposing it as an immediate target; usually the idea is to ramp it up gradually while phasing out other taxes.