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 Brycee on Tuesday October 17, 2023 @01:02AM (#37910817)

If you dramatically reduce taxes to labour and capital, it quickly becomes a very attractive place to move your business or earn an income. And that's the start of a development flywheel. Instead of taxing productivity, land taxes reabsorb the value generated by the community (positive externalities), which would otherwise flow into the pocket of the guy who owns a parcel of land in proximity to the public good. You then use these tax revenues to produce more public goods, which benefit everyone, and then suck up the value that accrues to the land. rinse and repeat.

I highly recommend grabbing a copy of land is a big deal. https://www.amazon.ca/Land-Big-Deal-wages-about-ebook/dp/B0B...

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Re:Detroit wants to be the first big American city to tax la... by AlbertCory on Tuesday October 17, 2023 @01:31AM (#37910980)

Doesn't it seem to you like ~50 years of decline are too much to erase with one tax law? Have you ever been to Detroit?

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Re:Detroit wants to be the first big American city to tax la... by AlbertCory on Tuesday October 17, 2023 @06:06PM (#37922250)

I take it the lack of response means No?

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Re:Detroit wants to be the first big American city to tax la... by Brycee on Wednesday October 18, 2023 @01:59PM (#37932310)

I think that certainly makes it harder. Never been to Detroit. Probably still more economic activity there than there was 200 years ago.

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Re:Detroit wants to be the first big American city to tax la... by AlbertCory on Thursday October 19, 2023 @01:16AM (#37938774)

True of nearly every city on the planet.

Still less than 70 years ago, which is more relevant.

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