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by heymartinadams 1696 days ago
Problem: “63% said an inability to afford rent was the primary culprit”

Solution: redistribute rents

How: land-value taxation or municipal land trusts + basic income

1 comments

Wouldn't a land-value tax just increase rent? I would increase rent directly proportional to a land-value tax if I were a landlord in the city.
LVT taxes the land. If you have 1 unit on 1 acre... it's going to pay the same amount in taxes as 10 units. So it's an incentive to use the land intensely enough in order to pay less in taxes.
Wouldn't high density living also explode land value though?. The block of land I live on would be worth $10M+.
Sure it would. Yet not to the full extent. The system is complex, not all people rent, not all home owners would be hit by the tax equally, ...