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If we taxed land properly, we'd have billions of extra dollars to fund big tax cuts elsewhere. So why don't we do it? (www.abc.net.au)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 7 months ago (2 children)

This is interesting. So therefore a plot of land in the centre of a city would be so expensive for land taxes that the best way to reside on it would be for it to be subdivided and have lots of people be responsible for its cost. Therefore, it encourages densification through tax.

[–] [email protected] 1 points 7 months ago

@Railison @ajsadauskas That happened quite a long time ago here in the US, Canada and elsewhere.

[–] [email protected] 1 points 7 months ago

@Railison Exactly.