Re:The 'Georgists' Are Out and they want to tax your land
by Turing_Machine on Wednesday November 15, 2023 @01:40PM
(#38280559)
If you're really dead set on the land never being developed, you could always donate it to the government with the proviso that it remain parkland, or donate it to a non-profit land trust.
You could even add a life tenancy for yourself to the deal -- you'd probably get out of paying any taxes at all.
Say I've got a few acres of forest that I want to keep as forest for carbon capture and as a place for birds to rest during the annual migration, and say there are logging, mining, and oil companies that want to log, mine, or drill on that land.
Under the present system keeping it as a forest doesn't make my position worse. It just means I don't reap the profits that I could reap by selling or leasing. Its an opportunity cost, not a real cost.
Under LVT my taxes go up because of those valuable potential uses. That's a real cost to me for keeping the forest.