LVT is incoherent, it pretty much only benefits people who are cash rich and land poor. Which is why it gets so much oxygen from tech elites with lots of cash and an inability to buy a house somewhere like mill valley, or wherever.

Essentially taken to the logical conclusion, there will be people competing for more cash to pay their increasing taxes on the same land, it doesn't fundamentally solve the problem. It's such a joke.

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danny_codes 4 hours ago | parent | next [-]

It completely solves the problem. I recommend you read “progress and poverty” to get a better understanding of it.

You don’t seem to understand how it works or what it does.

	▲	Avicebron 4 hours ago \| parent [-]
		I do understand how it works, are you saying that the zoning will magically be fixed when the taxes go up or the land becomes more exlusive? because I can tell you which one has precedent and which one is wishful thinking.

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azan_ 4 hours ago | parent | prev [-]

The idea is that valuable land will be utilized better.

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Avicebron 4 hours ago | parent [-]

"utilized better" in that context just means that the owner of the land can support the taxes on it, it doesn't mean suddenly we are going to put skyscrapers in el cerrito.

	▲	pydry 4 hours ago \| parent [-]
		It would most definitely lead to densification in SF and its surroundings.