Comment by strbean
21 hours ago
The bottom 50% in terms of wealth in the US only own 10% of the land. How on earth is this a regressive tax? The top 10% own over 40% of the land. https://fred.stlouisfed.org/graph/?g=1KsUt
21 hours ago
The bottom 50% in terms of wealth in the US only own 10% of the land. How on earth is this a regressive tax? The top 10% own over 40% of the land. https://fred.stlouisfed.org/graph/?g=1KsUt
how much of US land is housing? probably much less than 10%
edit: yep https://www.visualcapitalist.com/america-land-use/
amusing attempt at using data for an argument
What is the relevance of that? LVT is not exclusive to land with houses on it.
> amusing attempt at using data for an argument
Rude and unnecessary, and entertaining when your response seems to be a total non sequiter.
i was responding to the "how on earth?" rudeness that i was given first. farmland, forests, etc owned by the top 10% isn't relevant to this debate. rural land (which is most of america) has nothing to do with urban housing policy.
further, in my original comment that you responded to, i described succinctly the market dynamics that make this regressive to the middle class. the data you shared supports that.
are you suggesting that the middle class doesn't own single family homes so it doesn't matter to them? because that is the point you are making if you don't realize that.