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A comment on Detroit wants to be the first big American city to tax land value. Parent comment

Re:Detroit wants to be the first big American city to tax la... by harimau777 on Monday October 16, 2023 @08:45PM (#37908770)
When you say "...home you spent decades paying for..." it comes across like you are implying that the money you spent is somehow disappearing or being stolen. However, if the land value taxes have dramatically increased, then that means that the value of your property has dramatically increased, so you can sell for a dramatic profit.

It would still suck to have to sell, but it's not nearly as dark as you seem to be suggesting.

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Re:Detroit wants to be the first big American city to tax la... by causality0 on Tuesday October 17, 2023 @09:41AM (#37914902)
Why should you have to do anything? My binder of pokémon cards is worth thousands of times what I paid for it but nobody has the right to levy an unending amount of taxes on it until I can't afford to not sell it.
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