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by eru
974 days ago
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Are you suggesting the rich people form a cartel? Otherwise, if there's more than one rich person they would outbid each other until market rates are reached. That's basically how market rates are defined. Btw, none of the problems here are specific to LVT. You see exactly the same problems in conventional property taxes: if your land is suddenly worth a lot more, your tax bill goes up. |
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