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A comment on Inflation Has Outpaced Wage Growth. Now It’s Cutting into Spending. Parent comment

Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by SantalBlush on Sunday July 17, 2022 @03:30PM (#32130312)
Which would be great, but will upset way too many voters, so politicians won't dare touch it.

"My political opponent is attacking the middle class and their investments!"

[ Parent | on HN ]
Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by yellowapple on Sunday July 17, 2022 @04:01PM (#32130654)
Not much room to be upset when replacing just about any tax with LVT would represent a tax savings for the vast majority of the middle class (and just about the entirety of the lower class).
[ Parent | on HN ]
Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by hackerfromthefu on Sunday July 17, 2022 @09:42PM (#32133570)
But in the real world the old taxes are never removed, despite promises.
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Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by yellowapple on Monday July 18, 2022 @04:55AM (#32136051)
The old taxes suppress LVT revenue (since non-LVT taxes suppress economic activity and thus demand for land), so adopting LVT would be further motivation to abolish non-LVT taxes.
[ Parent | on HN ]