this post was submitted on 16 Oct 2024
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I'm already paying taxes for owning a small parcel of land to live on on top of income and sales taxes. It hurts from so many sides. ๐ฅฒ
Georgeism would not increase your overall tax burden, it would shift taxation away from things like income and sales tax and toward land value (excluding improvements like your home). Your overall tax burden would only increase if you occupy a larger then average share of the total land in existence (by value, not physical area), and for the large majority of people it would decrease appreciably.
It does seem like it would be a reasonable tax scheme but it would have to be carefully balanced for the type of use for the land. It'd make sense to charge more for a factory making a lot of value for the economy compared to a high density residential building occupying the same area. I personally prefer mixed use zoning to make land use more efficient though so it'd be interesting to see how that'd go.