Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
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.