Redfin Economist says land value tax will fix the economy
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Redfin Economist says land value tax will fix the economy
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Re: Redfin Economist says land value tax will fix the economy
#2Daryl Fairweather is the chief economist at Redfin, a major housing and real estate company (competitor to Zillow). Seems she's pretty bullish on LVT.
Re: Redfin Economist says land value tax will fix the economy
#3Nice!
Re: Redfin Economist says land value tax will fix the economy
#4Where economic efficiency and economic justice meet, and where a tax isn't really a tax. Good stuff!
Re: Redfin Economist says land value tax will fix the economy
#5Land and property improvements are already taxed (at least everywhere I’ve lived in the USA); I see no logical cause and effect relationships between the additional tax proposal and the alleged problems (nimby-ism) it is supposed to address.
Re: Redfin Economist says land value tax will fix the economy
#6Land and property improvements are already taxed (at least everywhere I’ve lived in the USA); I see no logical cause and effect relationships between the additional tax proposal and the alleged problems (nimby-ism) it is supposed to address.
Here's some empirical research for you then:
http://gameofrent.com/content/is-land-a-big-deal
Additionally, property tax rates vary massively from state to state and there's pretty strong correlation between property tax rates and housing supply and housing affordability. The legacy of California's Proposition 13 and its effects on housing supply are very well studied.
Property tax still has inefficiencies (it can punish someone who builds relative to someone who holds an empty lot), and Land Value tax would be more efficient in aligning incentives properly.
Re: Redfin Economist says land value tax will fix the economy
#7Land and property improvements are already taxed (at least everywhere I’ve lived in the USA); I see no logical cause and effect relationships between the additional tax proposal and the alleged problems (nimby-ism) it is supposed to address.
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Re: Redfin Economist says land value tax will fix the economy
#8Land and property improvements are already taxed (at least everywhere I’ve lived in the USA); I see no logical cause and effect relationships between the additional tax proposal and the alleged problems (nimby-ism) it is supposed to address.
Here's some empirical research for you then: http://gameofrent.com/content/is-land-a-big-deal Additionally, property tax rates vary massively from state to state and there's pretty strong correlation between property tax rates and housing supply and housing affordability. The legacy of California's Proposition 13 and its effects on housing supply are very well studied. Property tax still has inefficiencies (it can pu…
Thanks for the link! Here’s an equally wordy refutation of Georgism
https://dailyanarchist.com/2012/06/12/what-is-georgism-follo...
Re: Redfin Economist says land value tax will fix the economy
#9Land and property improvements are already taxed (at least everywhere I’ve lived in the USA); I see no logical cause and effect relationships between the additional tax proposal and the alleged problems (nimby-ism) it is supposed to address.
Well, land and property taxes are not the same- the notable difference being that property taxes penalize building/remodeling/additional construction and so forth. A big part of addressing NIMBYism is to remove the economic incentives for it, a lot of which is attempting to profit off of increasing land values, which is much harder with an LVT- so shifting the way that people think about housing, away from investment and towards a consumer good, goes a long way. Even beyond NIMBYism treating housing as a method for household wealthbuilding causes problems.
Re: Redfin Economist says land value tax will fix the economy
#10Earlier quoted context omitted.
Here's some empirical research for you then: http://gameofrent.com/content/is-land-a-big-deal Additionally, property tax rates vary massively from state to state and there's pretty strong correlation between property tax rates and housing supply and housing affordability. The legacy of California's Proposition 13 and its effects on housing supply are very well studied. Property tax still has inefficiencies (it can pu…
Thanks for the link! Here’s an equally wordy refutation of Georgism https://dailyanarchist.com/2012/06/12/what-is-georgism-follo...
I read through it and didn't see any refutation, just a description of the historical movement. At least to my understanding, mutualists like Benjamin Tucker have historically agreed with Georgist philosophy to a great extent, including breaking the monopoly on land.