Re:Detroit wants to be the first big American city to tax la...
by KptMarchewa on Monday October 16, 2023 @09:22PM
(#37909119)
Proper, non prop 13 land value tax limits this infinite value growth.
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Re:Detroit wants to be the first big American city to tax la...
by somethoughts on Monday October 16, 2023 @09:34PM
(#37909242)
Agree - I think pure land value/pure Georgism works best when there are no limits on development (zoning/water availability/topography) and there's room for infinite sprawl into adjacent flat land.
As mentioned I think Texas will be interesting to watch as its pretty close pure Georgianism - the state's revenue is mostly/all LVT property taxes - but they are starting to see exponential growth - so it will be interesting to see if they stick to it or resort to California style Prop 13.