I always link people unfamiliar with Land Value Tax to this book review of Progress and Poverty, the book which put the concept of a Land Value Tax on the map.
Simply put, Land value tax is a tax on the unimproved value of land. It also can be thought of as _location_ value tax. Property tax typically includes both land value tax and the value of the improvements to the land - buildings, etc.
While they may sound similar, land value tax and property tax lead to vastly different outcomes.
That wouldn't impact housing prices. From shareholder standpoint, there isn't much difference between dividends and stock buybacks. Stock buybacks can potentially reduce tax liability for some shareholders.
The benefits of a LVT go beyond inner city housing issues though. Of the top ten states with the highest poverty rates in the US - nine are red. If you're unfortunate enough to be part of the (one in five!) impoverished residents of Mississippi you want to see property taxes reduced and undeveloped land decentivized because every dollar saved in pursuit of affordable housing stretches further.
emmateapot|3 years ago
https://astralcodexten.substack.com/p/your-book-review-progr...
It's thorough, informative, and surprisingly funny for a book review.
thephyber|3 years ago
Land Value Taxation, as opposed to property taxes. I didn’t quite understand the distinction.
emmateapot|3 years ago
While they may sound similar, land value tax and property tax lead to vastly different outcomes.
Check out this Strong Towns video for an explanation about both taxes and how they differ: https://www.youtube.com/watch?v=ok2uR3btMrE
here4funzies|3 years ago
wgj|3 years ago
Supermancho|3 years ago
Look for archived in second field but if not, use the first field which will process all the resources and assemble them.
https://archive.ph/WZiZf
rednerrus|3 years ago
nradov|3 years ago
cuteboy19|3 years ago
tomohawk|3 years ago
nevercomments|3 years ago