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0 pointsfortran775y ago0 comments

That's not true. Every year it can be raised 2%.

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3 comments · 1 top-level

Ah, okay -- that I did not know. The effect of the policy over the past decades has still been to allow the value to dramatically increase relative to the taxation.

fortran77OP5y ago

> The effect of the policy over the past decades has still been to allow the value to dramatically increase relative to the taxation.

No. The problem is they're not building enough housing. Not that taxes aren't high enough.

solidsnack90005y ago

No, that's not right. Poor tax policy leads to poor land use.

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