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▲ mohamedkoubaa an hour ago

You can say that land tax might be better than income tax but it's hard to argue that both land tax and income tax is better than just income tax. This is the biggest reason why new tax modalities are considered unworkable.

▲comnetxr an hour ago | parent | next [-]

We already have property tax + income tax, and property tax is land value + value of improvements. From TFA, the immediate proposal is just allowing the property tax to assess the land value and value of improvements at two different rates, with the rate on improvements decreasing to remove incentives against improvements.

▲skew-aberration an hour ago | parent | prev [-]

I think land + income is better. It's what I have where I live, and I'd like to see the balance shifted more towards land.

▲mohamedkoubaa an hour ago | parent [-]

This presupposes a balancing, when in reality it only ever goes up, and when it goes down it leads to lapses in services where the bill comes due later, with interest