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Re:Tax Evasion at the Top of the Income Distribution: Theory... by notahacker on Saturday April 01, 2023 @07:44PM (#35405420)
Pretty easy for the 0.1% to avoid owning much domestic land though, unless their wealth comes mainly from real estate or primary resource extraction...
Re:Tax Evasion at the Top of the Income Distribution: Theory... by xiphias2 on Saturday April 01, 2023 @07:54PM (#35405505)
So what? If they own property that doesn't have anything to do with the country, it doesn't need maintaining roads and infrastructure (which is the tax is for in theory).

Real estate property based taxation has a long history of supporters as the most fair tax there is.

Re:Tax Evasion at the Top of the Income Distribution: Theory... by kyralis on Saturday April 01, 2023 @09:23PM (#35406115)
Wat? Only a small portion of services are related to land. Property tax is in fact usually considered quite regressive and hardly "the most fair tax there is."
Re:Tax Evasion at the Top of the Income Distribution: Theory... by friend_and_foe on Saturday April 01, 2023 @09:38PM (#35406192)
The two biggest expenses, territorial defense and domestic infrastructure, are directly related to land. The other two big ones, administration of justice (courts) and protection of international commerce (navy) either are closely enough connected to land property or have their own revenue generation mechanisms.
Re:Tax Evasion at the Top of the Income Distribution: Theory... by astrange on Saturday April 01, 2023 @09:50PM (#35406284)
LVT is the optimal tax (no deadweight loss). Property tax has issues because it taxes improvements, but we probably want improvements.

Both of them are very unpopular with the people who have to pay them, because they force you to find productivity increases and you might be a retiree. Or just a landlord who refuses to develop an empty lot in the middle of a city.

Re:Tax Evasion at the Top of the Income Distribution: Theory... by kazinator on Sunday April 02, 2023 @03:40AM (#35408162)
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