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Comment by howunfortunate

2 days ago

Makes sense to me.

If you don't want to pay the taxes, thanks to Disneyland you can now sell your land for a nice fat gain, buy cheaper land elsewhere, and pocket the difference. And whoever bought your land will likely use it for the social good (maybe build a hotel or something).

13 comments

howunfortunate

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dmitrygr  2 days ago

So through no plan of my own, I get to uproot my family. That is indeed great

/s

  • howunfortunate  2 days ago

    I would imagine that if Disneyland were built next door, that might be in the cards regardless of the tax situation...

    It's just a reality of life that not every homeowner can possibly be entitled to fully control what gets done with the land around them, and that's going to cause some friction.

    It's a difficult job to navigate who gets to decide what, while still enabling necessary development. LVT is just one of the more elegant ways to do this.

    • rhines  2 days ago

      I'm not a big LVT fan - pushing for maximally productive use of land is going to result in displacing people, displacing small businesses, displacing artistic/cultural/environmental spaces, etc.

      I would much rather see an overall assets tax that scales with the value of the assets. That would incentivize more smaller businesses, long-term thinking, and wealth distribution. It would hit big corporations in the same way a LVT would, forcing them to be more and more productive with their assets the more they have, without pricing out smaller entities.

  • Gareth321  2 days ago

    Through no plan of your own, you now have $1M - tax free. I am currently playing the world's smallest violin.

    • williamdclt  2 days ago

      I think that there's something about LVT, but your dismissal is very shallow and why it's not been implemented so far.

      I don't _want_ $1M, I want to live in my house that I bought and lived in for years. Getting money I don't need and having to live in a place I don't want to live in is _not_ a positive situation.

      4 replies →

    • jjav  2 days ago

      This assumes a house is nothing but an investment, like a bunch of stock.

      This is far from reality. A home is family and life to most people, nobody cares if it went up or down in value, a home is about our life.

      3 replies →