Hacker News new | ask | show | jobs
by yellowapple 1436 days ago
Not much room to be upset when replacing just about any tax with LVT would represent a tax savings for the vast majority of the middle class (and just about the entirety of the lower class).
1 comments

But in the real world the old taxes are never removed, despite promises.
The old taxes suppress LVT revenue (since non-LVT taxes suppress economic activity and thus demand for land), so adopting LVT would be further motivation to abolish non-LVT taxes.