alt Hacker NewsYou can say that land tax might be better than income tax but it's hard to argue that both land tax and income tax is better than just income tax. This is the biggest reason why new tax modalities are considered unworkable.
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comnetxr • today at 1:09 AM
We already have property tax + income tax, and property tax is land value + value of improvements. From TFA, the immediate proposal is just allowing the property tax to assess the land value and value of improvements at two different rates, with the rate on improvements decreasing to remove incentives against improvements.
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skew-aberration • today at 12:48 AM
I think land + income is better. It's what I have where I live, and I'd like to see the balance shifted more towards land.
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aidenn0 • today at 2:09 AM
Author of TFA certainly argues that land and income is better than just income.
Personally I’d rather Land tax revenue be distributed evenly as a citizens dividend, and separate from the taxes leveed to make the society which allows people to have income and wealth.
Those who use their fair share are no change, those using more see taxes go up, those using less see a rebate.
The more valuable Land a business uses the more they have to pay, encouraging more efficient utilisation. Their competitor using less Land has lower taxes and can thus out compete them.
Land of course isn’t just dirt, it’s any limited natural resource.