Re:Land value tax in online games and virtual worlds
by pydry on Saturday June 15, 2024 @08:37AM
(#40689407)
In this world renters already pay a 100% land value tax. Levy a land value tax on landlords and renters will neither pay more nor less. It's already baked into market rent.
There is law, economic or otherwise that a business has to make a profit. With an LVT you cant profit from land speculation only providing a good, well maintained property which uses space efficiently.
LVT does not discourage diverse development. It only discourages land hoarding and inefficient use of land (e.g. San Francisco's one family homes).
In this world, renters pay all of the expenses incurred by land owners via a payment we call "rent".
Note that LVT discourages diverse development. You see an empty piece of land that should be filled with condos. I see an open space that lets me see something other than condos.