Comment by trhway
1 year ago
>But a traditional property tax incentivizes keeping a lot empty,
Looking around, i think you're incorrect.
>as soon as you create something on it, you start having to pay more tax -- regardless of whether the thing you created is generating revenue.
you're paying your fair share for the police, fire protection, etc. as building something increases the need for such services even when you don't gneerate revenue.
>Another way of thinking about it is: most taxes, including income and property taxes, disincentivize productive economic activity.
That is patently false. The taxes in no way disincentivize me going to work, and they don't affect my desire to make even more money and to start my own business.
There are taxes designed to decrease activity, like 90% income tax, yet they pretty rare, far from the "most".
>Looking around, i think you're incorrect.
77,000 vacant lots in NYC: https://commongroundorwa.org/3019-2/
>There are taxes designed to decrease activity, like 90% income tax, yet they pretty rare, far from the "most".
How about an 85% income tax? 80%? 75%? Where do you draw the line? The truth is, it's a matter of degree. Even a 10% tax disincentivizes work a little bit.
>77,000 vacant lots in NYC: https://commongroundorwa.org/3019-2/
Not "vacant":
"New York City alone has more than 77,000 lots that are either vacant or have a building that is less than half the size of what zoning allows"
add to that that those lots/buildings may have already sold their "air rights" and thus aren't allowed to build more.
>Altus, which is a real-estate analytics and advisory firm, counted private lots larger than 3,000 square feet that are likely suitable for development.
no mentioning of air rights. That is how you distinguish real analytics from a propaganda job.
And even with totally vacant and still having their air rights lots, that 77000 would still be a pretty healthy rate of 7%.
>How about an 85% income tax? 80%? 75%? Where do you draw the line? The truth is, it's a matter of degree. Even a 10% tax disincentivizes work a little bit.
the lines are well known. Across the world taxes less than 20% are called "low", higher than 40% - "high". People understand that they need to pay their share to maintain commons.
>Even a 10% tax disincentivizes work a little bit.
I never heard/seen/read about such a phenomenon in real life. That seems like you're doing a pure theoretical stretch of the 90% model.
If a 10% tax doesn't affect you, how about you give me 10% of your earnings for this year?