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Earlier quoted context omitted.
It would allow housing to be substantially denser.
How would an LVT do that when the barrier to dense housing is zoning restrictions? Changing the tax structure doesn't remove that restriction.
The core fabric of society - the deal that was offered by society to the people - to work in a job, own a house, raise a family, have a retirement - has decayed away entirely for many people.
Earlier quoted context omitted.
How would an LVT do that when the barrier to dense housing is zoning restrictions? Changing the tax structure doesn't remove that restriction.
An LVT addresses the incentives underling zoning. The LVT imagined by Georgists would very probably result in radically altered zoning rules. Zoning, after all, exists primarily to prop up the finances of homeowners.
On the other hand, once you remove the zoning restrictions, the existing economic incentives will produce densification without LVT, tbat's the whole thing the zoning restrictions exist to stop.
Earlier quoted context omitted.
An LVT addresses the incentives underling zoning. The LVT imagined by Georgists would very probably result in radically altered zoning rules. Zoning, after all, exists primarily to prop up the finances of homeowners.
A Georgist LVT is based on the value of the bare land, which is constrained by permitted uses. Adopting it without first removing zoning restrictions would increase the incentive for homeowners to defend the existing zoning rules, since the removal of the rules would increase the scope of alternative uses of the land in ways which would make it economically impossible for most existing single family homeowners to aff…
The core fabric of society - the deal that was offered by society to the people - to work in a job, own a house, raise a family, have a retirement - has decayed away entirely for many people.
This is quite a new deal and not one enjoyed by most people for most of history.
The core fabric of society - the deal that was offered by society to the people - to work in a job, own a house, raise a family, have a retirement - has decayed away entirely for many people.
This is quite a new deal and not one enjoyed by most people for most of history.
I don't mean to be shitty, and I fully understand that contrary takes are what HN is great at, but I genuinely fail to see what the point of your comment is other than a knee jerk nothing?
Could just, you know, pay more…
Teachers in major metro school systems already have quite a good deal. Rural schoolteachers really do have the deal everyone heard about in 1990s politics, but urban schoolteachers are generally economically privileged. (That doesn't mean they aren't impacted by housing scarcity in ways that disrupt the administration of school systems; they are. But the problem isn't compensation, the problem is corrupt regulation w…
Earlier quoted context omitted.
How would an LVT do that when the barrier to dense housing is zoning restrictions? Changing the tax structure doesn't remove that restriction.
An LVT addresses the incentives underling zoning. The LVT imagined by Georgists would very probably result in radically altered zoning rules. Zoning, after all, exists primarily to prop up the finances of homeowners.