mumbo_rmj
Step 2 - use iCloudPD to auto download photos from iCloud in the future
The term ‘rent seekers’ comes to mind.
I’ve overheard enough conversations between high net worth individuals to say there’s absolutely unique qualities about land as an asset class or they wouldn’t hold so much of it.
read some solid reasons for land focused tax regimes long ago but couldn’t remember deets on why they were compelling so googled helped me remember …
‘Immobility: Land doesn’t move, making it a stable tax base. (Important for local services like deciding whether a town can afford the new school(s) or a road).
Scarcity: No more land is being created, so taxing it efficiently is crucial. (Kind of like capital itself)
Non-distortionary: Taxing unimproved land doesn’t distort transactions.
Local Funding: LVT may be an effective way to fund local government since land cannot be moved to avoid taxes’ (1)
(1) which BTW is the main reason often given why ordinary folks have to pay higher payroll taxes vs capital gains the wealthier brackets ‘pay’ because you know capital will just up and move somewhere else if we ask too much of them.
Well just tax the land, and if the capital holders want to move all their wealth out of the community, fine, but good luck extracting wealth from a local community without owning any land near it.
So yeah. Tax the damn land already. Especially to fund local government and services, which you kinda need to have a functioning society.
I clicked through because I’ve wondered often why there’s a dozen of these new washes in my community with ten more on the way and figured it was some financing/tax write off hack.