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Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
If you are sitting on land that is more valuable than the use you put it to, maybe you should have an incentive to put it to more valuable use?
people own more than that The property should be taxed
also corporation-owned properties should be taxed
edit: i mean annual property taxes
Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
The long answer requires a discussion about what you define as "fair" & the exact implementation of the tax governing the land you're talking about. This would be true of any tax though. The answer would still likely be no, though.
Many places have implemented an LVT. I suggest you look into some of them to see how the tax usually plays out in practice. In NSW, Australia, for example, farmland is exempt.
Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
Now, if you're a farmer on the edge of Austin, and the city's growth means your land is getting increasingly valuable due to high housing demand, then your tax will go up, potentially until you're forced to give up farming and sell to developers. That's intentional, it means the land will be used for something more valuable than it's current use.
I'm a huge proponent of land tax. Here's why I think it's worth considering: 1. Economic Efficiency: Unlike income or consumption taxes, an LVT is non-distortionary. It doesn't discourage productive activities like work, saving, or investment. Land is a fixed resource; its supply doesn't change with price or tax fluctuations. Therefore, an LVT wouldn't distort market incentives, unlike other taxes. By shifting the ta…
Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
I would guess that the nuance to that question would be the interpretation of "unfairly", no? If you are sitting on land that is more valuable than the use you put it to, maybe you should have an incentive to put it to more valuable use?
Dumb question about land value tax- does it unfairly penalize people who own large tracts of land like farmers and loggers?
I would guess that the nuance to that question would be the interpretation of "unfairly", no? If you are sitting on land that is more valuable than the use you put it to, maybe you should have an incentive to put it to more valuable use?
Why does this author insist on calling all of these people who think LVT is a good idea Georgists? It’s kind of an annoying angle for the article.
I'm a huge proponent of land tax. Here's why I think it's worth considering: 1. Economic Efficiency: Unlike income or consumption taxes, an LVT is non-distortionary. It doesn't discourage productive activities like work, saving, or investment. Land is a fixed resource; its supply doesn't change with price or tax fluctuations. Therefore, an LVT wouldn't distort market incentives, unlike other taxes. By shifting the ta…
At least here in California, I'd be worried that it could get instituted with token or no reduction in other taxes. Otherwise it seems to make a lot of sense, particularly with regard to removing disincentives for development.
I'm a huge proponent of land tax. Here's why I think it's worth considering: 1. Economic Efficiency: Unlike income or consumption taxes, an LVT is non-distortionary. It doesn't discourage productive activities like work, saving, or investment. Land is a fixed resource; its supply doesn't change with price or tax fluctuations. Therefore, an LVT wouldn't distort market incentives, unlike other taxes. By shifting the ta…
> Sustainable Land Use Hmmm, I don't get this point. If the incentive is to sell of develop your land what happens to "fallow" land that serves as a habitat for plants or animals? Seems like this would encourage developing land even if it's in a suboptimal location and would otherwise remain fallow, which seems less sustainable than the status quo.
Land out in the countryside would not be hugely taxed under this system.