Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
I don’t entirely follow? I’m totally open to alternatives to making sure the money stays where it is, I just don’t immediately understand the mechanism.
A proper Land value tax is a way of preventing owners from making any money off the appreciation of the value of land while still being profitable to construct or renovate if it adds value. It significantly reduces if not outright eliminates housing as an investment.
Land value taxes only apply to the value of the land itself, not the buildings, and therefore desirable areas with high land value taxes have a significant incentive to sell and be redeveloped with density which spread a that tax among a larger number of tenants.
The biggest downside is that it completely destroys existing equity. Which is both how it makes everything affordable again, and is also likely why it won't pass as a policy for many years.
I genuinely like the idea of higher density, as much as I like driving, having a city that’s walkable and with good transit (which density incentives) would be a dream.
My current city is a sprawling suburb and it’s almost an hour by bus to do a trip that takes 10 minutes by car.
Also thank you for expanding on this!