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Based-A | 6 months ago
Land Value Tax is specifically concerned with how property taxes are calculated. You're conflating implementing LVT with the concept of a Single Tax, which aims at replacing all taxes in a nation with LVT and is really only advocated for by pure Georgists. The LVT is a viable tax policy on it's own, and shouldn't be dismissed because of grander aims by a very small group of people.
> The 10 story apartment complex and the single family house both might occupy the same land, so they’re taxed the same.
Yes? They're both in the same area, which means they have access to the same utilities, same services, same amenities, etc. The presence of the apartment building doesn't inherently increase or decrease the value of the land, it's the other way around; higher land values see denser housing to better offset the cost of owning and operating the land. Neighborhoods are not static, unchanging islands immune to the developments that surround them. If a neighborhood solely made up of single family homes was 20+ blocks away from downtown 40 years ago, but is now directly bordering downtown because they city has grown and expanded, there is no reason for that neighborhood to still solely consist of single family homes (unless those homeowners want to pay to have a house right next to downtown).
> Sorry typical homeowner, we need to price you out of affording the home you bought and lived in. Our policy needs to force you to sell to this developer who will construct apartment complexes, reap the profits (tax-free now, because it’s not land!) but they’d be happy to rent an apartment to you for a monthly fee.
This is pure FUD. The "typical" homeowner in an urban-sprawled city would probably see their taxes decrease with LVT, depending on how close they are to high value areas. If your home is on the edge of downtown, you might be priced out because that land is a hell of a lot more valuable than what a single family home can capture. If you live in the "typical" suburban community that is 20+ minutes away from downtown? Negligible change, if not a decrease as most suburban lands have very little value compared to more urban communities. It's been shown time and time again that downtown business districts and other centralized urban communities overwhelmingly subsidize suburban communities.
> Finally, your “ask any economist” appeal to authority does not hold any water. Much has been written about the severe flaws with a Georgist style 100% LVT.
Again, LVT is not entrenched in it's Georgist implementation. No one worth listening too says that LVT solves everything and gives us Utopia. It's simply the least worst way to go about land taxation, and absolutely has its hurdles and flaws that will present themselves.
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