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Ah sure. Old lady living in the house she bought 50 years ago will have to pay insanely high land tax because now it's red hot city location, what 50 years ago used to be suburbs.

Very clever idea.

Taxation was never a solution to any problem. It was a way to mask the problem in a very populist way. Taxation purpose was a redistribution from 'evil crooks' to poor, unlucky people.

The problem with Taxation always was that the middle class was paying this because the rich ones had plenty of solutions not to pay including with moving to an another country

[iso1631]

> Very clever idea.

Yes. yes it is. She's made millions for doing nothing useful.

> the rich ones had plenty of solutions not to pay including with moving to an another country

How does a rich land owner avoid paying a land tax? Or a tax on the value of his copyrights (which would be land)

Yes the middle class get shafted on things like income and capital gains based taxes, that's the great thing about a land value tax, it taxes the immovable land, not the movable person.

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No she doesn't make millions. It's not her fault that now her house is 10x more valuable ( on the paper ). As long as she doesn't sell, rent somebody else she has no income. No income, no tax.

Simple as fuck logic. She bought the property, not a license there for living up to her ends.

The thing you are here presenting is a tax of not realized potential income. It's diabolical insane idea.

If we can do it for real estate, why not for cars, and any idea property?

You basically want people buy a license for living in their flats.

About basically nor useful, she earned the money, paid multiple taxes for this and she bought this from the real property dealer / construction company which hired many people for this.

Isn't this tangible contribution for society?

All because people like you flocked to her location for work what used to be peaceful, quite suburbs

[iso1631]

She's a millionaire. She bought it for $20k, it's now worth $2.5m. She's made $2.48m for doing nothing.

For someone else to live in that house they would have to make a fortune to pay it in rent. She could choose to move somewhere cheaper and have a massive income from either selling it or renting it out, but she doesn't, she's become rich because other people are making the area valuable.