Thanks for the example, I didn’t know of any good examples of LVT. Hopefully it becomes more widespread.
Unfortunately it’s not easy to understand why it is so effective, thus why people hear it and assume insanity.
Unfortunately it’s not easy to understand why it is so effective, thus why people hear it and assume insanity.
The more common "rebuttal" I hear is "well the land lords will just slap it onto the rent, so no use", to which I ask "then why don't they ask for more rent already if the rentors would be willing to pay?"
Then again, people I talk with are against a wealth tax as well, claiming that property would be impossible to account for and value, meanwhile France and Switzerland, two neighbours, have no issues in that regard. At the same time, both Germany and Austria had a wealth tax until very recently.