Jezebelley@lemmy.zip to Memes@lemmy.mlEnglish · edit-21 year agotrashmessage-square212fedilinkarrow-up1713arrow-down145
arrow-up1668arrow-down1message-squaretrashJezebelley@lemmy.zip to Memes@lemmy.mlEnglish · edit-21 year agomessage-square212fedilink
minus-squareJ Lou@mastodon.sociallinkfedilinkarrow-up2·edit-21 year agoLVT taxes the unimproved value of land, so we are talking about land itself not what is built on top of it such as housing. Since land is a product of nature, the supply of it is perfectly inelastic
minus-squareOurToothbrush@lemmy.mllinkfedilinkarrow-up1arrow-down2·edit-21 year agoPeople live in housing though, which is distinct from land, and the thing they’re claiming is static
LVT taxes the unimproved value of land, so we are talking about land itself not what is built on top of it such as housing. Since land is a product of nature, the supply of it is perfectly inelastic
People live in housing though, which is distinct from land, and the thing they’re claiming is static