1032
Get rid of landlords...
(lemmy.world)
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What a great time to be alive. Born too late to explore Earth. Born too early to explore the Cosmos. Born just in time to exist in dreadful remnants of the past of exploitive feudal system.
I got a positive one for you
Your local area doesn't have a property tax?
They are taxed, but I think they could be taxed more and better. Specifically, we should implement a land value tax (LVT).
As for why LVT? In short, it's just a really good tax. Progressive, widely regarded by economists as "the perfect tax", incentivizes efficient use of land, discourages speculation and rent-seeking, economically efficient, and hard to evade. Plus, critically regarding landlords, land value taxes can't be passed on to tenants, both in economic theory and in observed practice.
As for the difference between LVT and property taxes? This video explains well how property taxes enable land speculation and disincentivize housing development, and how replacing them with land value taxes would alleviate these issues.
Further, even places (such as the Australian Capital Territory) that have implemented quite milquetoast LVTs have seen positive impacts on housing affordability:
That's hard to capture in a meme. Thanks for the info.