Comment by trhway
1 year ago
A skyscraper can be built practically everywhere. Thus the same tax for everybody everywhere. Everybody can hang a Van Gogh painting on their wall, thus every wall to be taxed the same.
1 year ago
A skyscraper can be built practically everywhere. Thus the same tax for everybody everywhere. Everybody can hang a Van Gogh painting on their wall, thus every wall to be taxed the same.
Right. This is one of the many flaws in the LVT.
Someone now has to make a subjective decision about the theoretical highest and best use of the land at a given point in time, and the last people I want making that decision are local bureaucrats.