[chrischen]

> If we don’t want Vancouver to go down this path, then perhaps we should heed Henry George’s advice: tax land and use the proceeds to build the housing we need.

[giantg2]

Isn't that the solution to all - tax those who have (or are not part of our tribe) to pay for "us".

[arcticbull]

It's a great way to reduce inequality, sure.

It's one way to reduce housing prices, but generally just increasing supply is simpler and more palatable.

[giantg2]

I guess it addresses it on the effect side more than the cause side (inequality).

This is the way they are increasing supply.

[arcticbull]

This is an unpopular opinion to be sure, but I believe in wealth inequality and income inequality, so long as the standard of living at the bottom is reasonable - and there exists meaningful social mobility. I'd rather tax it on the backend than impede the front end. This is just a matter of opinion of course.

[giantg2]

I think that's probably a fairly popular opinion - I agree with it. I just don't see property tax as making any meaningful impact on the wealthy (in my area).