Not sure who invented the notion, but Sun Yat-Sen, the famous Georgist, argued in his “Memoirs of a Chinese Revolutionary” that the version of that where the right is unto the government was appropriate for the ROCpic.twitter.com/nsS4JLg1T9
I favor @interfluidity twist (I think) of treating property tax as option price. You can assess property at whatever value you like and pay tax rate (say $10 at 1% of $1000 claimed value for an SF mansion). Trick is you are required to sell to anyone who says they value it higher
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Neat! Yeah I like that. Really hard to game.
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But why favor the worse option? A 2% annual tax on buildings, like mansions, amounts to about a 25 to 30% present value tax on the labor of any workers as they build or maintain them.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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