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By beancounter (registered) | Posted June 09, 2015 at 15:04:36
Perhaps this would be the time to take another look at taxing the value of the land only.
See the exhaustive discussion in the following link:
http://en.wikipedia.org/wiki/Land_value_...
Please note that the mayor of Harrisburg, PA claims that their system of land value tax is responsible for reducing the number of vacant structures in their downtown from around 4,200 to 500 since 1982.
The article also states that many urban planners claim that a land value tax is an effective method to promote transit-oriented development.
Furthermore, it is an efficient tax from a collection perspective because of its immobility. Unlike labour and capital, land cannot move to escape tax.
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