Detroit wants to be the first big American city to tax land value

Re:Detroit wants to be the first big American city to tax la... by LVTfan on Monday October 16, 2023 @10:29PM (#37909769)

It isn't the size of their geographical footprint. Rather, it is the location. Actually, locations, for the individual practitioner: their business and their home. They want to be in a good school district that educates all its students well and sends them to good colleges? They pay for the privilege.

But instead of paying the previous owner, who didn't create the land value, they pay the community, year in and year out, for those services.

Makes sense to me.

[ Parent | on HN ]

Re:Detroit wants to be the first big American city to tax la... by s1artibartfast on Tuesday October 17, 2023 @01:02PM (#37918108)

So Elon musk works remote out of his 50k shack in boca chia, paying no tax. Tech employees live in some beautiful remote locations and pay no tax.

Meanwhile, blue collar workers tied to living in urban centers pick up the bill.

Lvt would completely decouple income from tax burden

[ Parent | on HN ]