Re:Investors bought a quarter of US homes sold last year
by JamesBarney on Tuesday August 23, 2022 @07:03PM
(#32572741)
It does because taxes don't disappear. Say we tax land at 4% and the value of all the land in the US is 100k per person. That means the average person pays an extra 4k and each person receives a $4,000 check. If you own an average amount of land you aren't any worse off.
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Re:Investors bought a quarter of US homes sold last year
by giantg2 on Tuesday August 23, 2022 @07:55PM
(#32573224)
But what is considered average can change. This is especially true since the land value is not uniform like your hypothetical example. Any system like this can be manipulated for one group to use against a minority group.