| ▲ | ReactiveJelly 2 hours ago |
| A land value tax would fix this |
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| ▲ | tptacek 41 minutes ago | parent | next [-] |
| I know the Georgism joke here, but we don't need an LVT to fix this; we just need states to override home rule on minimum density requirements for residential and mixed-use zoning. The core problem here is in fact very simple! |
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| ▲ | lokar 2 hours ago | parent | prev | next [-] |
| Not on its own. You also need to relax or remove direct (and indirect, eg parking minimums) restrictions on residential density. |
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| ▲ | dragonwriter 39 minutes ago | parent | prev | next [-] |
| A land value tax without changes in non-tax land use regulations would not fix, and a land value tax would not be necessary after removing the non-tax land use restrictions which this responds to. |
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| ▲ | trashcan 2 hours ago | parent | prev [-] |
| How? |
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| ▲ | OutOfHere an hour ago | parent [-] | | It would allow housing to be substantially denser. | | |
| ▲ | dragonwriter 37 minutes ago | parent [-] | | How would an LVT do that when the barrier to dense housing is zoning restrictions? Changing the tax structure doesn't remove that restriction. | | |
| ▲ | tptacek 29 minutes ago | parent [-] | | An LVT addresses the incentives underling zoning. The LVT imagined by Georgists would very probably result in radically altered zoning rules. Zoning, after all, exists primarily to prop up the finances of homeowners. | | |
| ▲ | dragonwriter 17 minutes ago | parent [-] | | A Georgist LVT is based on the value of the bare land, which is constrained by permitted uses. Adopting it without first removing zoning restrictions would increase the incentive for homeowners to defend the existing zoning rules, since the removal of the rules would increase the scope of alternative uses of the land in ways which would make it economically impossible for most existing single family homeowners to afford the taxes on the property. On the other hand, once you remove the zoning restrictions, the existing economic incentives will produce densification without LVT, tbat's the whole thing the zoning restrictions exist to stop. | | |
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