• 𝕯𝖎𝖕𝖘𝖍𝖎𝖙
      link
      311 months ago

      Unless that’s what I just described (a land value tax), I’m not sure what you’re saying here.

      • R0cket_M00se
        link
        English
        411 months ago

        It’s exactly what you described.

        Essentially people will hold onto property in order to make more money on it through land value inflation.

        If we tax the crap out of property that isn’t being used, then either the tenant will do something with it or sell it to someone who will, instead of just waiting for the market to double their money while they play golf.

          • R0cket_M00se
            link
            English
            311 months ago

            It seemed sensible when the economist Henry George postulated it as the solution for wealth inequality and the seeming rise of material desire that the uber-rich cause in the market. Unfortunately no one listened and the landlords won, and now we’re here.

            • 𝕯𝖎𝖕𝖘𝖍𝖎𝖙
              link
              311 months ago

              landlords with corporate money and lobbyists, I imagine. hopefully some change can happen on a city level.