> I think the problem is, for many people, the value of their land is kind of irrelevant.
Well that's a problem with those people if they think their most valuable capital asset is irrelevant.
It is relevant, because without LVT, the tax code is literally encouraging inefficient use of land. Housing prices consistently rising five times faster than salaries is a huge problem, and it is caused by inefficient land use.
Well that's a problem with those people if they think their most valuable capital asset is irrelevant.
It is relevant, because without LVT, the tax code is literally encouraging inefficient use of land. Housing prices consistently rising five times faster than salaries is a huge problem, and it is caused by inefficient land use.