alt Hacker NewsA Georgist-style land value tax (LVT) is fairer and has the added benefit of ending land speculation, a practice that leads to distortions in the housing market and harmful property boom-bust cycles.
A Georgist-style land value tax (LVT) is fairer and has the added benefit of ending land speculation, a practice that leads to distortions in the housing market and harmful property boom-bust cycles.
That is basically removing property rights, when the land is not yours but you just rent it ... you will own nothing and be happy.