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Chris2048

The topic of this sub-thread is whether a "land value tax would fix rich people from parking money in real estate".

You have the option to pass on such a tax burden, as do any other home/land-owner(s), which is relevant to the conversation.

What point are you making relevant to that?

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I am wondering what protects normal people. I hear a proposal what prevents the ultra wealthy from hoarding, but I am not seeing how this doesn't negatively impact normal, single family residences.

It seems the goal is maximizing tax revenue, punishing hoarders of land, and pushing for communal living. The exact case I think it is imperative to avoid is removing the elderly (cough, less useful) from their forever home in the guise of progress.

The obvious way would be tax relief on land used for primary residences up to some limit. But the point is the tax wouldn't dis-incentivise land acquisition so long as it wasn't left vacant.

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