By its intrinsic structure LVT discourages speculation.
Georgian proponents would say that this should not happen that pensioners are being driven out because land values don't rise as much because there is no land speculation, and they pay the LVT instead of rent, mortgage and/or property tax.
By its intrinsic structure LVT discourages speculation.
Georgian proponents would say that this should not happen that pensioners are being driven out because land values don't rise as much because there is no land speculation, and they pay the LVT instead of rent, mortgage and/or property tax.
I personally am afraid LVT is unimplementable, as for why, see top comment (LVT being self-defeating): https://news.ycombinator.com/item?id=40677483