← Back to context Comment by limagnolia 4 hours ago Most of the US does, its called property tax. Or in some cases, land value taxes. 4 comments limagnolia Reply Grombobulous 4 hours ago That doesn’t work very well in practice because a half vacant commercial property has lower property value than a full one.There are buildings that seem to purposefully keep commercial space vacant to devalue the building:https://therealdeal.com/chicago/2021/09/10/trump-gets-anothe... dietr1ch 3 hours ago Not the same because it does not depend on utilisation. Pretty much everywhere you see property taxes, but vacancy taxes are a lot more recent and I guess rare so far. Redoubts 3 hours ago Arguably vacancy taxes are just Georgism with extra steps dietr1ch 3 hours ago If you wanted to switch to Georgism it seems that you'd need to add that and slowly shift taxes into just being the vacancy taxes.Switching to Georgism overnight seems way too hard to execute.
Grombobulous 4 hours ago That doesn’t work very well in practice because a half vacant commercial property has lower property value than a full one.There are buildings that seem to purposefully keep commercial space vacant to devalue the building:https://therealdeal.com/chicago/2021/09/10/trump-gets-anothe...
dietr1ch 3 hours ago Not the same because it does not depend on utilisation. Pretty much everywhere you see property taxes, but vacancy taxes are a lot more recent and I guess rare so far. Redoubts 3 hours ago Arguably vacancy taxes are just Georgism with extra steps dietr1ch 3 hours ago If you wanted to switch to Georgism it seems that you'd need to add that and slowly shift taxes into just being the vacancy taxes.Switching to Georgism overnight seems way too hard to execute.
Redoubts 3 hours ago Arguably vacancy taxes are just Georgism with extra steps dietr1ch 3 hours ago If you wanted to switch to Georgism it seems that you'd need to add that and slowly shift taxes into just being the vacancy taxes.Switching to Georgism overnight seems way too hard to execute.
dietr1ch 3 hours ago If you wanted to switch to Georgism it seems that you'd need to add that and slowly shift taxes into just being the vacancy taxes.Switching to Georgism overnight seems way too hard to execute.
That doesn’t work very well in practice because a half vacant commercial property has lower property value than a full one.
There are buildings that seem to purposefully keep commercial space vacant to devalue the building:
https://therealdeal.com/chicago/2021/09/10/trump-gets-anothe...
Not the same because it does not depend on utilisation. Pretty much everywhere you see property taxes, but vacancy taxes are a lot more recent and I guess rare so far.
Arguably vacancy taxes are just Georgism with extra steps
If you wanted to switch to Georgism it seems that you'd need to add that and slowly shift taxes into just being the vacancy taxes.
Switching to Georgism overnight seems way too hard to execute.