Re:Redfin Economist says land value tax will fix the economy
by notahacker on Monday June 20, 2022 @08:29PM
(#31818165)
No, the crime is climbing the ladder. LVT isn't levied on political interference, it's levied on land.
The pain is all felt by people that lived in an area when it really wasn't appealing, the people who would have been sufficiently proud of how that area's changes to turn down the carrot of life changing financial offers until LVT beats them with the stick of No, Really, You're Too Poor To Live Here
The wealthier, whiter sort of person that actively looks for $2m houses gets upsides as well as downsides, especially if they actually want to live in an area where only people who can overcome the stumbling block of high incomes can afford.
Or as a satirist might put it: "Rich Neighbourhoods Lack Diversity, Advocate of Accelerating Gentrification via the Tax System Suggests"
The pain is all felt by people that lived in an area when it really wasn't appealing, the people who would have been sufficiently proud of how that area's changes to turn down the carrot of life changing financial offers until LVT beats them with the stick of No, Really, You're Too Poor To Live Here
The wealthier, whiter sort of person that actively looks for $2m houses gets upsides as well as downsides, especially if they actually want to live in an area where only people who can overcome the stumbling block of high incomes can afford.
Or as a satirist might put it: "Rich Neighbourhoods Lack Diversity, Advocate of Accelerating Gentrification via the Tax System Suggests"