Real estate for ransom
Have we been under a rock or what? This little gem has been around for a while. The idea expressed here is that by moving the taxation burden away from land and onto labour (income taxes) and consumption (GST), landlords and land speculators have been getting a free ride at the expense of everyone else in the economy. While this is not the only problem in the economy it is certainly a very large one. This is why land prices have gone into a bubble and will continue on a boom-bust cycle until land taxes are a larger tax base. This is also why income tax and GST is so high and will continue to get higher.
Posted on December 22, 2015, in 1Uncategorized and tagged land tax, realestate for ransom. Bookmark the permalink. Leave a comment.
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