Those who do already have homes worth astonishingly high values.
Check out ant actual evaluation of LVT, such as Lars' Doucet's. Or places where it has been implemented (Vancouver pre 1970s, parts of Pittsburgh, etc.).
Since dropping the LVT, Vancouver has used restrictive permitting and extreme downzoning to keep homeowners very wealthy, but also keep a far larger number of people from having access to land in Vancouver.
In a normal city, you don't go from sprawl of single family homes to sky shapers, you have gradual addition of duplexes, then triplexes, then a smattering of small apartment buildings, and finally, only then perhaps, taller towers in a very tiny number of locations.
This is the reality of normal development that has not been restricted by zoning. That Vancouver has so restricts housing that a skyscraper is tenable in so many locations next to sprawl homes is an indictment of the lack of so many other options in between.
Certainly not a problem for a land value tax, that's a societal problem is a city ruined by exclusionary planning.
Now, I'm not opposed to taxes, but given the choice between taxes that increase prosperity and taxes that decrease prosperity, I'm picking the ones that make us all wealthier and remove rentierism.
If you think that all taxes are "in practice a massive transfer of wealth from poorer to richer" I'm not sure you have a solid understanding of taxation.
If you think that LVT creates "landlord barons" then you really have zero understanding of the LVT. It eliminates the rentierism that creates barons. It takes their land rents and redistributes them to productive uses. That's the entire point.
Can you post links to specific analysis work of these people?
> If you think that LVT creates "landlord barons" then you really have zero understanding of the LVT.
That's difficult to believe. The consequence of LVT is to remove regular people from owning homes in order to transfer it to wealthy corporations who can afford major developments.
I continue to be curious how LVT is supposed to be benefitial for regular people but I've yet to see any evidence in that direction.
Over the whole country, you're right.
But let's be honest, the strongest advocates of LVT are not pushing to implement it in some sleepy village in the middle of nowhere just to lower taxes on the villagers.
LVT is always brought up as a solution in expensive areas as a tool to pull people out of their homes (because there is no way they could afford the taxes so they have to move out) and give the land to corporate developers to build big apartment buildings.
My political organization that advocates for LVT is also driving through bills for social housing, not for big corporate developers.
Where do these strange ideas come from?
Here is a link to a site that is promoting LVT, so any biases they have would be in favor of LVT.
https://www.progress.org/articles/the-implementation-of-land...
Quote:
"A third possibility is for the retired persons to move to a lower-rent neighborhood, as many anyway move to assisted living or to an apartment."
We can see that it is an accepted goal of LVT to pull poorer/fixed-income people out of their homes so developers can have the land.