• J Lou@mastodon.social
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    1 year ago

    LVT taxes the unimproved value of land, so we are talking about land itself not what is built on top of it such as housing. Since land is a product of nature, the supply of it is perfectly inelastic

    • OurToothbrush@lemmy.ml
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      1 year ago

      People live in housing though, which is distinct from land, and the thing they’re claiming is static