Fuck landlords. There should be a 100% tax on the value of land
For everyone. Why should one generation enrich itself at the expense of the next while producing nothing? Land speculation is purely extractive.
I just want one small parcel of land to live on and not pay rent to a landlord. Why should I be taxed 100% for that?
What does land mean in this context does it mean property? How am I supposed to be 100% tax on property that does not generate money because it’s a house? Is the property value drops then I’m losing money under this scheme.
You would not be taxed on any improvements, only on the value of the land underneath it. Building improvements is a good thing and you shouldn’t be punished for that. A 100% tax on land value would make ownership of that land essentially worthless, so you would only be taxed the amount that land could produce in rent.
So if I buy a house that’s already been built then I’m not doing improvements to the land am I? I’m simply purchasing property.
But I’m not a rich person it took almost my entire life savings to buy this house why should I not pass it on to my children?