alt Hacker NewsWhy don't they go back to their riff on land value tax? Property taxes are regressive and stifle growth, development, and improvements.
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whatever1 • today at 3:08 AM
Property taxes are the only thing that can redistribute wealth from landlords to the working people.
Your company definitely bought / financed it, so it is clear evidence of your financial means at the purchase time.
Businesses that own land don't pay federal taxes, they can just declare 0 profit every year while paying for range rovers for the owners.
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Agreed as does the org putting out the linked paper https://www.prohousingpgh.org/blog/policy-land-value-taxes
And if you read the linked paper, particularly the section "Effects of Reassessments on Split-Rate Taxing Bodies" (split rate being the riff you're referring to), making land value assessments more accurate of course makes land value taxation more appealing.