this post was submitted on 13 Jul 2024
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Socialism

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Tax the land

One radical idea to solve America’s housing crisis.

https://www.vox.com/policy-and-politics/22951092/land-tax-housing-crisis

@socialism

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[–] [email protected] 4 points 1 month ago (7 children)

Perfect way to get yourself removed from your own house if the neighborhood becomes more expensive for any reason

[–] [email protected] 3 points 1 month ago (4 children)

That's why you use the revenue derived to fund a UBI. Then, there would be a safety net, which could potentially be used to partially cover one's land value tax obligations. As land becomes more valuable it is important that people use it more productively. Land value tax encourages building denser and reduces urban sprawl.

Many people rent housing. The key advantage of a land value tax is that landlords are unable to pass it on to tenants. They have to take the hit.

@socialism

[–] [email protected] 1 points 1 month ago

As land becomes more valuable it is important that people use it more productively.

How would people be able to do that when they have a normal workplace? This sounds like having to work additional hours to be able to keep my home.

Land value tax encourages building denser and reduces urban sprawl.

Sorry but you sound like someone who wants to force people into panel housing, and I don't want to participate in that.

Many people rent housing.

People who rent are damn close to being slaves. They don't have existential safety. Their housing can be taken away by yet another party by any semi-arbitrary reason, and all their belongings are lost because where they put them?

Sorry but I can't get behind any kind of land value tax idea. Not at least until it only applies to those having 2+ or such amount of properties, maybe further restricted related to family structure.

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