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A comment on The 'Georgists' Are Out and they want to tax your land. Parent comment

Re:The 'Georgists' Are Out and they want to tax your land by bastawhiz on Wednesday November 15, 2023 @10:34AM (#38277776)
I'm not sure that matters. If you're holding your land to cash out on it in the future, it's going to get developed regardless. Whether the land remains undeveloped for an extra few decades seems like it makes little difference either way. Plus, not every property will be paved over edge to edge. Suboptimal locations will probably get developed into something which doesn't turn the land into something that completely destroys its ecological value.
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Re:The 'Georgists' Are Out and they want to tax your land by anonymouskimmer on Wednesday November 15, 2023 @06:00PM (#38283772)
> If you're holding your land to cash out on it in the future, it's going to get developed regardless.

Unless those you cash out from buy it because of what it currently is.

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Re:The 'Georgists' Are Out and they want to tax your land by bastawhiz on Wednesday November 15, 2023 @07:32PM (#38284417)
I think you'll find very few buyers who don't plan to build anything substantive who are willing to pay multiples of what you purchased the undeveloped land for. If you bought a plot of land for $100K and sell it for $250K thirty years later...you've barely beaten inflation.
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Re:The 'Georgists' Are Out and they want to tax your land by anonymouskimmer on Wednesday November 15, 2023 @07:55PM (#38284598)
This is unfortunately true.
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