undefined | Better HN

0 pointsiamnothere19d ago0 comments

A Georgist-style land value tax (LVT) is fairer and has the added benefit of ending land speculation, a practice that leads to distortions in the housing market and harmful property boom-bust cycles.

0 comments

3 comments · 1 top-level

AdrianB119d ago· 2 in thread

That is basically removing property rights, when the land is not yours but you just rent it ... you will own nothing and be happy.

iamnothereOP19d ago

You didn’t make the land (nobody did). LVT is the “least bad” tax because in an LVT-exclusive system you are not taxed on your labor, your inventions, or your possessions. You’re only taxed for your exclusive use of a common resource (land).

You may be opposed to all taxes, but if you acknowledge the need for some kind of tax, it at least has some kind of rational and seemingly fair justification.

AdrianB119d ago

You bought the land, so it is yours, right?

Yes, I am fine with taxes, but not with any type of tax, not property taxes (it is bought with money already taxed) and not with taxes as punishment or taxes as political games. I am opposed to taxes as a purpose, I am for taxes as a means to pay for some universal services that you cannot pay by consumption.

1 more reply

j / k navigate · click thread line to collapse