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By peter (anonymous) | Posted April 23, 2008 at 04:40:16
^i'm no expert but i am a believer in land value taxation. with lvt, it's the land that's taxed not what sits on it. in downtown hamilton, land would have a higher tax rate, reflecting its importance to the city. this would all but end property speculation and perhaps we wouldn't be in this situation with the lister because liuna would be bleeding too much $$. lvt forces people to build something of value in order to recoup the taxes. call me crazy but...
oh, it could also apply to greenfields - something in short supply and of tremendous importance.
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