Communist Capi ☭ 🇵🇸 🏳️🌈@midwest.social to 196@lemmy.blahaj.zoneEnglish · 9 months agoLandlords ☭midwest.socialimagemessage-square47fedilinkarrow-up1627arrow-down10cross-posted to: [email protected]
arrow-up1627arrow-down1imageLandlords ☭midwest.socialCommunist Capi ☭ 🇵🇸 🏳️🌈@midwest.social to 196@lemmy.blahaj.zoneEnglish · 9 months agomessage-square47fedilinkcross-posted to: [email protected]
minus-squareHardlyCrabbing@lemmy.worldlinkfedilinkarrow-up2·9 months 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-up3·9 months 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.