Land value tax is progressive. Due to land’s inelastic supply, this tax cannot be passed on to others. People that own lots of land bear the entire burden of the tax. Charging for unimproved land value encourages building denser on more valuable land. This increases housing supply thus making housing more affordable
LVT is 1 policy. It can be combined with other policies. LVT is not an avoidable tax
How much land does Musk or Bezos own? How much land does an average farmer own?
Amazon warehouses are built on the unimproved equivalent of farmland or worse. The Amazon warehouse generates millions in annual profit. The same parcel of land gets a farmer a meager income and we should tax BOTH THE SAME???
If you come up with a tax that has any chance of taxing an old farmer more than it taxes Musk or Bezos, don’t come tell me it’s progressive.
Also I’m sick of hearing that somehow this tax “can’t be passed down to the consumer”. If every plot of land nearby is taxed the same, all the owners will shrug and say “sorry that’s just what it costs”. It’s the very definition of things that will be passed down to the consumer. Take your libertarian BS out of here.
The broader Georgist program involves aggressive taxation of government-granted monopolies like IP, which both Musk and Bezos are indirectly beneficiaries of.
LVT is 1 policy meant to solve 1 problem. It can be combined with other policies that address other problems.
The labor theory of property, a negative application of which provides a moral rationale for LVT, also provides a justification for an inalienable right to worker democracy
I’m sorry, I just have a hard time agreeing with you on the definition of progressive taxation here. Sure SOME rich people will pay more than SOME poor people. But even that statement is tenable at best. Certainly MOST rich people will pay less than an average family farm. Most rich people will pay less than an average person who owns a self sufficient rural homestead lot.
It’s not as bad as the libertarian “15/15/15 flat tax” that was making the rounds a few years ago, but that’s the best that can be said about it.
I like a lot of consequences of the LVT, like that if famously solves the downtown parking lot problem. But I’d never call it progressive. A progressive tax should tax people who own more wealth more than those who own less. If you tax someone who owns a multi million dollar hotel the same as someone who owns an empty lot next door all you’re doing is making it so that only the rich can afford lots. Then when they improve the lot to make more money you reward them by effectively taking a smaller percentage of their new found wealth.
LVT taxing the empty lot next door at the same rate as a multimillion dollar hotel is exactly what makes it so efficiency enhancing because it give land owners economic incentives to use their land productively rather than just holding it and waiting for it to appreciate in value. With LVT, prices would exclude the value of the land.
LVT can be combined with other policies and taxes. You have to look at the whole package of policies to determine progressivity. LVT+UBI is progressive
Land value tax is progressive. Due to land’s inelastic supply, this tax cannot be passed on to others. People that own lots of land bear the entire burden of the tax. Charging for unimproved land value encourages building denser on more valuable land. This increases housing supply thus making housing more affordable
LVT is 1 policy. It can be combined with other policies. LVT is not an avoidable tax
It’s not progressive.
How much land does Musk or Bezos own? How much land does an average farmer own?
Amazon warehouses are built on the unimproved equivalent of farmland or worse. The Amazon warehouse generates millions in annual profit. The same parcel of land gets a farmer a meager income and we should tax BOTH THE SAME???
If you come up with a tax that has any chance of taxing an old farmer more than it taxes Musk or Bezos, don’t come tell me it’s progressive.
Also I’m sick of hearing that somehow this tax “can’t be passed down to the consumer”. If every plot of land nearby is taxed the same, all the owners will shrug and say “sorry that’s just what it costs”. It’s the very definition of things that will be passed down to the consumer. Take your libertarian BS out of here.
It meets the definition of a progressive tax.
The broader Georgist program involves aggressive taxation of government-granted monopolies like IP, which both Musk and Bezos are indirectly beneficiaries of.
LVT is 1 policy meant to solve 1 problem. It can be combined with other policies that address other problems.
The labor theory of property, a negative application of which provides a moral rationale for LVT, also provides a justification for an inalienable right to worker democracy
I’m sorry, I just have a hard time agreeing with you on the definition of progressive taxation here. Sure SOME rich people will pay more than SOME poor people. But even that statement is tenable at best. Certainly MOST rich people will pay less than an average family farm. Most rich people will pay less than an average person who owns a self sufficient rural homestead lot.
It’s not as bad as the libertarian “15/15/15 flat tax” that was making the rounds a few years ago, but that’s the best that can be said about it.
I like a lot of consequences of the LVT, like that if famously solves the downtown parking lot problem. But I’d never call it progressive. A progressive tax should tax people who own more wealth more than those who own less. If you tax someone who owns a multi million dollar hotel the same as someone who owns an empty lot next door all you’re doing is making it so that only the rich can afford lots. Then when they improve the lot to make more money you reward them by effectively taking a smaller percentage of their new found wealth.
LVT taxing the empty lot next door at the same rate as a multimillion dollar hotel is exactly what makes it so efficiency enhancing because it give land owners economic incentives to use their land productively rather than just holding it and waiting for it to appreciate in value. With LVT, prices would exclude the value of the land.
LVT can be combined with other policies and taxes. You have to look at the whole package of policies to determine progressivity. LVT+UBI is progressive