Re:Redfin Economist says land value tax will fix the economy
by forum_ghost on Monday June 20, 2022 @07:56PM
(#31817879)
>your equal share of land value
what's an equal share? land is not fungible.
Re:Redfin Economist says land value tax will fix the economy
by geocon on Monday June 20, 2022 @10:19PM
(#31819041)
Land isn't, but land value (in dollars) is
Re:Redfin Economist says land value tax will fix the economy
by forum_ghost on Tuesday June 21, 2022 @02:07AM
(#31820471)
dollar value is only one part of valuation.
a ranch somewhere vs a shoebox in the middle of manhattan quite likely will not be considered "equal" by prospective owners, even if the dollar valuation is exactly the same.
Not if it's paired with a citizen's dividend or other form of UBI, which is what most Georgists (myself included) advocate. The idea is that if you're occupying your equal share of land value, then at a 100% LVT rate the tax you pay should be equal to what you're getting back in dividends + public services.
LVT+UBI therefore represents a tax savings for everyone except the wealthiest of land owners.