What really hacks me off about all this anti LVT stuff is the claim made by many antis that applying LVT would kill 'development' stone dead.
Well peoples, let me tell you about one developer. My dad. He railed against land price inflation and objected to being taxed on it, because all such increases he then spent on buying his next site. That is he never factored land price increases into his profits. He realised that this was not actually a 'profit' but a result of 'inflation' that in fact made his job much more difficult. Not in the least because it made all sorts of idiots think that being a developer was an easy way to big money. He actually ran a development business - not a rent seeking operation.
I reckon he'd have loved LVT.
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