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0 pointsgiantg24y ago0 comments

I have an LLC. Taxing it (more) would be catastrophic. Why should we tax the assets and not the gains?

I actually don't like property tax on homes/land. I dont like the idea of the government forcing people out of their homes (usually the elderly). I prefer taxing based on income/gains because they actually have money coming in and largely removes the government seizure aspect.

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tomrod4y ago· 2 in thread

Taxing unutilized assets is the key idea of Georgism. We don't do that in the US, rather we give tax incentives to farmers to underutilize their land.

giantg2OP4y ago

But taxing resources, whether utilized or not, will increase consumption, right? That doesn't seem like a sustainable option.

tomrod4y ago

It depends. In areas where home prices have risen or are relatively high, home improvement activities increase the home value and so that is generally reserved for sales preparation periods. Consumption is delayed until it is untaxed.

Otherwise, I am not sure how taxing land will increase consumption, unless you're saying people will make land productive in order to offset tax liability? In some cases maybe, but certainly not on low-density residential plots.

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