Re:The High Cost of Expensive Housing (and How Auckland Fixe...
by jjav on Monday January 30, 2023 @10:53AM
(#34581325)
> So why shouldn’t society be profiting off of the asset’s (land’s) value?
> But this line of thinking means you have to turn off that “capitalist greed” mindset that everyone gets by default.
That sounds idealistic. Society won't be benefitting from a LVT. The ones who benefit are the rich outsiders who can now push out longtime residents from an area so they can take over and build some highrises for profit. So capitalist greed at its finest.
> But this line of thinking means you have to turn off that “capitalist greed” mindset that everyone gets by default.
That sounds idealistic. Society won't be benefitting from a LVT. The ones who benefit are the rich outsiders who can now push out longtime residents from an area so they can take over and build some highrises for profit. So capitalist greed at its finest.