Communist Capi ☭@midwest.socialdeleted by creator to 196@lemmy.blahaj.zoneEnglish · 3 years agoLandlords ☭midwest.socialimagemessage-square51linkfedilinkarrow-up1594arrow-down10
arrow-up1594arrow-down1imageLandlords ☭midwest.socialCommunist Capi ☭@midwest.socialdeleted by creator to 196@lemmy.blahaj.zoneEnglish · 3 years agomessage-square51linkfedilink
minus-squareHardlyCrabbing@lemmy.worldlinkfedilinkarrow-up1·3 years agoI agree that taxing land is a good idea, but it’s really hard to do in practice. How you put a value on land? Income tax is easy to put a value on, because it’s right there on your pay slip. But what’s the value of land?
minus-squareFried_out_Kombi@lemmy.worldlinkfedilinkEnglisharrow-up2·3 years agohttp://gameofrent.com/content/can-land-be-accurately-assessed The key downsides of income taxes, though, are it requires tracking everyone’s income, and it’s very easy to hide income by doing under-the-table work and getting paid in cash. In contrast, it’s impossible to hide land.
I agree that taxing land is a good idea, but it’s really hard to do in practice. How you put a value on land?
Income tax is easy to put a value on, because it’s right there on your pay slip. But what’s the value of land?
http://gameofrent.com/content/can-land-be-accurately-assessed
The key downsides of income taxes, though, are it requires tracking everyone’s income, and it’s very easy to hide income by doing under-the-table work and getting paid in cash. In contrast, it’s impossible to hide land.