Hacker News Reader

> The big problem with a land tax is that you'd have billionaires paying little tax.

I don't think so. Billionaires consume quite a lot of real-estate, even if indirectly through their business enterprises. Consider the Google campus in Mountain View or the Microsoft one in Redmond.

View on HN

Take the average person and how much they have tied up (either income or net worth wise) in their house. It's not even close.

I've seen some calculations that claim that LVT makes most people's property tax lowers.

I mean I guess you could scale the tax and make it that way, but at least on the surface that seems impossible.

Reply on news.ycombinator.com