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by Ekaros
379 days ago
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>If we implemented a LVT tomorrow, the renters don’t get additional capacity to pay rent as mana from heaven. The rents wouldn’t budge. Isn't idea of LVT to replace other taxes? Like income tax. So they would get more capacity as their other tax burden would be lesser. Obviously if it was entirely new additional tax it would take more time for rents to creep up. |
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