We used to be a great nation... Invading... Murdering... Stealing... Imposing grass deserts... Now we have left the EU, are implementing government spyware and have no plans to make anything better...
I don't remember what my point was, but England is shit and I don't want to be here anymore.
Of course you probably mow and trim. So still pretty unnatural. Natural Flora tends to look better even without obsessive maintenance. A robot mower was critical for me to actually not mind having to have a grass lawn.
A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements.[1] It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating.
Land value taxes are generally favored by economists as they do not cause economic inefficiency, and reduce inequality.[2] A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income.[3][4] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.[1][5][6]
LVT's efficiency has been observed in practice.[18] Fred Foldvary stated that LVT discourages speculative land holding because the tax reflects changes in land value (up and down), encouraging landowners to develop or sell vacant/underused plots in high demand. Foldvary claimed that LVT increases investment in dilapidated inner city areas because improvements don't cause tax increases. This in turn reduces the incentive to build on remote sites and so reduces urban sprawl.[19] For example, Harrisburg, Pennsylvania's LVT has operated since 1975. This policy was credited by mayor Stephen R. Reed with reducing the number of vacant downtown structures from around 4,200 in 1982 to fewer than 500.[20]
LVT is arguably an ecotax because it discourages the waste of prime locations, which are a finite resource.[21][22][23] Many urban planners claim that LVT is an effective method to promote transit-oriented development.[24][25]
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
At least give some kind of mention to Henry George for being the magnificent bastard that came up with this. His history is fascinating and most people don't know who he is because he pissed off all the major landowners (ivy league colleges) who blackballed even mention of his name.
A fellow georgist, I see! But yeah, the legacy section on his wikipedia page is absolutely insane, and yet I had never even heard of him before about 2 years ago (which of course led to me promptly becoming georgist). Not a whole lot of people learn about the guy and about georgism without swiftly becoming a georgist themselves lol.
That's actually the beauty of LVT -- the government already knows who owns what land (the landowner has the deed), and land can't be hidden or offshored. You may try having shell companies, but the tax bill comes due regardless. The reason shell companies work for avoiding other taxes is because they can allow you to offshore your on-paper profits to tax havens. LVT doesn't tax you on profits, so it doesn't matter where the profits are on paper. Similar for income or sales taxes, income and sales can be done cash-only and hidden.
It really depends on where the land is as it's based on value. If you are talking about replacing property taxes with land value taxes typically it's just a rate on the value but in this case it's just the land value so a higher rate but only applies to land. If you could figure out the total land value in your neighbourhood you could figure it out.
As for who is affected, single family homes on the outskirts probably see a drop in taxes while those in the inner city and vacant plots see a large increase.
The people who will be impacted first will be people who own vacant lots and parking lots in and around downtowns. If you're concerned about people getting booted out of their homes, consider Estonia:
Estonia levies an LVT to fund municipalities. It is a state level tax, but 100% of the revenue funds Local Councils. The rate is set by the Local Council within the limits of 0.1–2.5%. It is one of the most important sources of funding for municipalities.[90] LVT is levied on the value of the land only. Few exemptions are available and even public institutions are subject to it. Church sites are exempt, but other land held by religious institutions is not.[90] The tax has contributed to a high rate (~90%)[90] of owner-occupied residences within Estonia, compared to a rate of 67.4% in the United States.[91]
In general, LVT should increase overall housing supply, improve affordability, and can be used to reduce other taxes such as property, income, and sales taxes. Most serious proposals I have seen have been to replace property taxes with LVT. These factors should make it easier on average households generally, and also allow them more flexibility to downsize (once your kids have moved out, do you really need a jumbo house all to yourself?), rather than locking you into the only place you can afford.
You might live in a place which already has some form of land value tax. Although a key distinction is that LVT is a tax on just the value of the land, not the value of the entire property that includes buildings, landscaping, ect. ...
And move where? Why have retired people (who are most likely on a fixed income and have paid off their home in some cases) to move from a home they've paid off to an apartment/living center with obscene monthly payments? Or introduce another ever rising tax on something they should have been able to age peacefully in without as much financial worry? That seems cruel. I'm no fan of boomers, but damn.
I feel like best plan here would be to impose steeper taxes on second-plus properties. You can have your primary residence, but every home after that accrues a higher and higher tax. Especially on LLCs.
If tax goes up, it's because the value of your asset has gone up. Either sell it or do a reverse mortgage. I have no pity for those profiting from the system, regardless of their age. Fuck you, Grandma, pay your taxes.
I feel like best plan here would be to impose steeper taxes on second-plus properties.
That's definitely part of it, and more important than taxes on primary residence. But we should do both.
I feel like best plan here would be to impose steeper taxes on second-plus properties
I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here.
Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more
There won't be any other taxes for them to pay, so they will have more purchasing power. Chances are, they're still going to have the same place unless that retired guy decides to build a hotel or something on it.
I don't really care. As a lifelong apartment dweller; I hate people and want nothing to do with them. Get me a house far away from civilisation and I'll be happy. Communal space, my arsehole.
This is the insanity of people who advocate for densified housing, IMO. I loathe apartments and attached dwellings. It's like a dystopian future where you can't own anything or have private space. If I never have to share a wall or floor with someone again, it will be too soon.
I've lived in 4 major cities including NYC, and several small cities. The small cities and green suburbs are light years better than the dense urban hellscapes, without exception. Apartment living is also universally awful. There's nothing desirable to me about what you idealize.
I guess if I really wanted to scream at a wall, I'd make a c/fuck-fuckcars. These people are beyond help, but I hope they grow out of it so I don't have to live in high density hell because infinite growth is just accepted as normal.
Sometimes it's a choice between moving away from the neighbor, or stabbing him several times and throwing his body in a river.
I chose the best option for me - the non-crime option. But in my heart I know that the best option for society was the other one.
I imagine that neighbor has grown as a person since I moved away, and he probably spends a lot of time reading - in solitary confinement as he serves out his sentences for his bullshit.
Or maybe he's at the bottom of a river somewhere, because he finally pissed off someone with less to lose than I have - or just someone good at crimes.
Anyway, I'm theoretically in favor of desnse housing. More than 99% of my neighbors have been fantastic.
I suppose since my country is very low population but very large I don't really see the problem. Everyone could have a house here and we'd still have plenty of room to space.
Sweden has a population of 10.5 million, ish, and an area of 447k square kilometres. Germany by contrast, has a population of around 80 million, and an area of 357k square kliometres.
That said, I believe low density can work just fine. You don't need highrises to improve population storage efficiency. Simple two-three story buildings work just fine too.
You could also lower the population, something modern society is managing just fine right now anyway. I personally really don't believe overpopulation is going to be a significant problem in the long run.
Everyone could have a house here and we’d still have plenty of room to space.
You may not run out of wildlands, but if everyone is in large enough houses, it becomes difficult to get to the wildlands (or anywhere else you need to go) without using a car. For various reasons, !fuckcars@lemmy.world, is against designing cities around cars.
That said, I believe low density can work just fine. You don’t need highrises to improve population storage efficiency. Simple two-three story buildings work just fine too
I agree. The problem comes when you have large houses with big yards. If you instead have rowhouses, you have plenty of density to avoid car dependency (if the city is designed properly).