Mine’s that people who insist on correcting others grammar on internet forums are little shits who peaked in grade six as a teacher’s pet and get off on exerting their “superiority” on others.
Fuck you “less than” is just better than “fewer then.” Think I’m wrong, tell me what these symbols are called “< >” that’s what I thought loser.
That is indeed a hot take.
Why would people ever develop/improve (aside from maintenance/keeping living standards) on their land, build more, change zoning, generation house on the same lot, etc, when that would only result in their government rent (aka tax) going up?
Wouldn’t rich people be able to rent a lot of land for higher prices than normal people, driving the prices up until they control most of the government rentals, then rent it out to the rest of us for insane prices (kinda like now, except their whole revenue has to come from tenants, without the security of being able to sell the land and recoup the losses that way)…?
You say the government makes no money from the transaction of the specific buildings on the lot so they have no reason to overvalue it, except that you said the lots value would depend ont he buildings on it, so the government would receive higher rent fron higher valued buildings in lita so they have incentives to value it higher to collect higher rent…
You misunderstand how the tax works. It’s only on the land. The buildings on it have no impact on the monthly tax amount. That’s why it’s beneficial to densify the land, because then that amount is split between all of the people who live there (or among multiple businesses using it)
The whole rich capturing it all can’t really happen. They can’t actually profit from it sitting there, it all has to be used efficiently or it loses money. People wanting a house don’t have a problem paying for it every month.
If they try to monopolize all the rents (which would be prohibitively expensive) then the government can simply step in and force a sale because its their land and prevent certain groups from bidding on it. Instant monopoly break, or rather the government is the one with the monopoly.