mia ć°´ć
@miawintam
Georgian land tax premise: Letâs say: - You own a piece of land in a city - You donât build anything on it, just wait for prices to go up - Ten years later, the neighborhood is boomingâthanks to new subway lines, stores, schools - Now your land is worth 10x more, even though you didnât do anything Georgism says you shouldnât get to keep all of that profitâit was created by everyone else. So a land value tax would make sure you pay some of that value back into the community.
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marv đď¸
@marvp
Interesting way of looking at property appreciation for sure. But I think it might open Pandora's box of issues if anyone puts "some sort of investment" into that empty plot. Now you have to find a way of - quantifying effort and investment IN a single plot - value a community gets OUT of the plot - an index that enables comparison of these two factors over wide areas, different zoning types, construction types - scaling it for an entire neighborhood/jurisdiction
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mia ć°´ć
@miawintam
Yep good points. I think that could be the next step though, finding ways to apply âsense making toolsâ (lol) to better measure and quantify the wide range/ scale of different plots. Land is incredibly complex and we need more nuanced ways to account for their value (environmental, social, inter-generational)
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