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Could a tax against empty homes help end Australia's housing crisis? (www.abc.net.au)

submitted 1 year ago by [email protected] to c/[email protected]

71 comments fedilink hide all child comments

My first instinct is "yes" but then I thought about it and I think it's just going to exacerbate the short-stay problem unless combined with other measures.

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[–] [email protected] 2 points 1 year ago (1 children)

In the 80s I think there were a few proponents saying that a land tax could replace all other taxes. Very broad based and efficient.

IDK if it was a good idea, it probably would've been good in the 80s IMO.

However, completely retarded in the digital age. Productivity does not require land anymore.

[–] [email protected] 3 points 1 year ago (1 children)

Yeah that single tax movement has been around since the 1880s. Replacing all other taxes is maybe a bit extreme but pretty much all economists suggest increasing land taxes including our own Henry Tax review.

However, completely retarded in the digital age. Productivity does not require land anymore.

If this was the case land wouldn't make up the majority of "wealth" and we wouldn't be having a housing crisis.

[–] [email protected] 1 points 1 year ago

True, increasing land tax is a great idea.

Property is valuable but generally we don't tax wealth, only production.