Communist Capi ☭ 🇵🇸 🏳️🌈 to 196@lemmy.blahaj.zoneEnglish • 5 months agoLandlords ☭midwest.socialimagemessage-square49fedilinkarrow-up1625arrow-down10
arrow-up1625arrow-down1imageLandlords ☭midwest.socialCommunist Capi ☭ 🇵🇸 🏳️🌈 to 196@lemmy.blahaj.zoneEnglish • 5 months agomessage-square49fedilink
minus-squareHardlyCrabbinglinkfedilink2•5 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-square@Fried_out_Kombi@lemmy.worldlinkfedilinkEnglish3•5 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.