Detroit wants to be the first big American city to tax land value
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Re: Detroit wants to be the first big American city to tax land value
#2Re: Detroit wants to be the first big American city to tax land value
#3By George! this sure sounds like a good idea!
Re: Detroit wants to be the first big American city to tax land value
#4By George! this sure sounds like a good idea!
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Re: Detroit wants to be the first big American city to tax land value
#5https://en.wikipedia.org/wiki/Georgism
Fascinating. First I've heard of this. I can see the obvious advantages, though I'm sure there are disadvantages I'm missing.
Re: Detroit wants to be the first big American city to tax land value
#6I thought Detroit has been in decline for decades. If anything, you’d think they’d want to attract people back with _less_ taxes.
Re: Detroit wants to be the first big American city to tax land value
#7I thought Detroit has been in decline for decades. If anything, you’d think they’d want to attract people back with _less_ taxes.
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Re: Detroit wants to be the first big American city to tax land value
#8So Detroit will be offering refunds given the dismal state of real-estate there
Re: Detroit wants to be the first big American city to tax land value
#9I'm a big proponent of Land Value Tax. In theory it is one of the healthiest forms of taxation since supply is fixed. It encourages efficient use of land and discourages owners from squatting on undeveloped land just to reap value from its location.
Re: Detroit wants to be the first big American city to tax land value
#10I thought Detroit has been in decline for decades. If anything, you’d think they’d want to attract people back with _less_ taxes.
Less taxes are good, but if the taxes are there to help remove negative externalities from the market it will be a net win. I wouldn't mind paying a bit more property taxes if it meant property values weren't sky high and it discouraged land hoarding.
Land tax is good in that it still rewards developers for creating value, but not speculators or people who buy land and don't actually provide value.