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by JumpCrisscross
623 days ago
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> power law land value tax would take care of most of the problem at almost no cost (since land is assessed regularly anyway) Sure. This is a totally different proposal. Would note that you could go a long way to making this proposal electorally appealing by exempting primary residences. (In my experience, the assessed value of a home is at best loosely related to its market value.) |
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The number one waste of space in the US is people’s excessively large footprint, causing enormous consumption of energy and infrastructure costs that are borne by future generations.
All these detached single family homes on 0.1+ acre lots are massively expensive and the people living in them hardly pay taxes proportionate to the benefit they receive from the government. Instead, our society takes from the working class via income tax.
If you want to live in a detached home on a large lot, be ready to pay the appropriate land value taxes.
If you want to conserve and use less of society’s resources, live in an apartment building.
Since the tax formula would be a power law function, it would inherently not be punitive to the vast majority of Americans who don’t live on outsize plots of land.