Comment by estearum
3 days ago
And they just answered: they generate huge amounts of income for the entity that actually pays for playgrounds and parks (the city).
3 days ago
And they just answered: they generate huge amounts of income for the entity that actually pays for playgrounds and parks (the city).
That feels like wishfull thinking. What I see around me in practice is government doing all they can to sell off public lots (like parks) to developers to tear down the park and build another luxury condo. More tax revenue, more money in the government pocket, some bribes under the table, another loss of quality of life in the neighborhood.
Right, because selling it is a better revenue opportunity. Under the tax scheme described, the reverse is true.
> Under the tax scheme described, the reverse is true.
Explain how.. In a dense urban area, with LVT, that lot that held a park will bring even larger tax revenue when the city sells it off to a developer. Having the tax be based on maximum potential usage will only increase the temptation to sell it off and remove yet another park from the people.
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