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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 oneshtein on Tuesday October 17, 2023 @03:23AM (#37911646)
With %100 LVT, city will be owner of most land in 1 year. With 10% LVT - in 10 years. Value based tax means that value is transferred from owner to a new owner no matter what. Owner is just working for a new owner.
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Re:Detroit wants to be the first big American city to tax la... by strken on Tuesday October 17, 2023 @06:05AM (#37912753)
From memory, the Georgist belief is that whoever collects the tax will spend it, and the spending will distribute the value in a way which is...not necessarily equal, but is closer to equality than the status quo was.

The wealth transfer is a feature rather than a bug, in this case. Speculators sitting on unimproved or underutilised land are seen as literal rent-seekers, and taxing them is seen as reclaiming a natural monopoly at the same time as removing the leeches who're sucking up big chunks of a city's growth.

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Re:Detroit wants to be the first big American city to tax la... by developer93 on Tuesday October 17, 2023 @08:19AM (#37913839)
That applies to any kind of work currently also..
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Re:Detroit wants to be the first big American city to tax la... by mactrey on Tuesday October 17, 2023 @03:04PM (#37920023)
Well, property taxes in my city are around 1% currently. Does that mean the city will own 100% of land in 100 years? Probably not. For lots of reasons.
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