this post was submitted on 01 May 2024
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The only thing I can think of is that land value tax actually will just get passed to renters, and anyone just barely owning their home is gonna be fucked if another price jump like what's going on now happens. But that, too, can be fixed.
That's actually the neat thing about land value taxes; both in economic theory and observed practice, they can't be passed on to tenants.
It would absolutely be a boon for the poor if we replaced other forms of taxation (such as on sales and income) with land value taxes. Plus, land value taxes tend to make housing cheaper, which helps the poor as well.
Well hot damn what are we waiting for? Where do I sign?