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by rrrrrrrrrrrryan 1266 days ago
A heavy, mostly-flat LVT should be the end goal, but would have to be phased in over a generation to be politically viable and not cause tremendous social disruption.

Nobody's going to get behind a law that kicks grandma out of the house she's been living in for 50 years.

You have to start with residential properties owned by investing companies first, then phase it into nonprimary residences owned by individuals, then primary residences over a certain dollar amount for people under 65, etc. Then you slowly ramp up land value taxes and dial back traditional property taxes until they're entirely replaced.