Re:Detroit wants to be the first big American city to tax la...
by lmm on Monday October 16, 2023 @10:25PM
(#37909736)
> My grandmother (greatest generation) built her house in the 50s
I'd love to build my own house, but it's practically impossible for my generation because of the policies those older generations have voted for.
> and lives on a fixed income. Should she be forced to sell (assuming she couldn’t afford LVT)
Yes. There aren't enough places for the rest of us to live, at least not anywhere where there's work, so those of us who are doing something productive (i.e. not lucky enough to be paid a "fixed income" out of other people's taxes) should get priority. If the older generation doesn't like it, they should make it legal to build more housing so that there's enough for everyone.
> for an investment she took all the risk to develop?
Part of the point of LVT is that it mitigates the risk. If the place where she built it becomes popular, she doesn't just get to trouser all the gains. But if the place where she built it becomes unpopular, her taxes drop.
I'd love to build my own house, but it's practically impossible for my generation because of the policies those older generations have voted for.
> and lives on a fixed income. Should she be forced to sell (assuming she couldn’t afford LVT)
Yes. There aren't enough places for the rest of us to live, at least not anywhere where there's work, so those of us who are doing something productive (i.e. not lucky enough to be paid a "fixed income" out of other people's taxes) should get priority. If the older generation doesn't like it, they should make it legal to build more housing so that there's enough for everyone.
> for an investment she took all the risk to develop?
Part of the point of LVT is that it mitigates the risk. If the place where she built it becomes popular, she doesn't just get to trouser all the gains. But if the place where she built it becomes unpopular, her taxes drop.