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Could a tax against empty homes help end Australia's housing crisis?
(www.abc.net.au)
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this post was submitted on 20 Jul 2023
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In the 80s I think there were a few proponents saying that a land tax could replace all other taxes. Very broad based and efficient.
IDK if it was a good idea, it probably would've been good in the 80s IMO.
However, completely retarded in the digital age. Productivity does not require land anymore.
Yeah that single tax movement has been around since the 1880s. Replacing all other taxes is maybe a bit extreme but pretty much all economists suggest increasing land taxes including our own Henry Tax review.
If this was the case land wouldn't make up the majority of "wealth" and we wouldn't be having a housing crisis.
True, increasing land tax is a great idea.
Property is valuable but generally we don't tax wealth, only production.