How to Destroy the Price of Land Meme # 29,514

Depending on the state you live, land ownership is more costly in tax burden than living on it. If you’re a 4th generation land owner, you basically end up purchasing the land in the amount paid in taxes over the course of 30 years. What use to be 5cents to 1.00 an acre is now 5,000 to up towards 25,000 an acre thanks to foreign companies paying a premium price. This drives up the valuation of land per acre and is then taxed according. Most farmers don’t have 48,000 dollars sitting around in property tax in any given year. But this depends on the state property tax system.

If land ownership becomes the only thing taxed, it will lose its value as an investment and when the only way to make money owning land is by using it, farmland will become practically free because farming is hard work.

It is being used by investors - they build houses, apartment, condos, retail stores, office buildings, etc., on it to rent and sell.

If the land is cheap but the tax burden is high you've accomplished nothing.

Why will the price of land go up if it loses its value as an investment?

Because you are taxing the hell out of it.

Your socialist math does not compute

Right now, investors are making lots of money holding land. If that becomes impossible, investors will move all their money out of land. They will sell at a loss. Land ownership will become a burden rather than an investment. And if only people who actually need to use land want to buy it, the law of supply and demand says, it will become cheap to buy.

The single tax (tax land only) is what the "laissez faire" economists were advocating. Capitalism is more like socialism than the single tax is.

Being unable to own land makes you a slave.

Explain how buying something for $10 and paying 90% annual tax on it is better for humanity than buying it for $100 and paying 10% tax annually.

Sounds like leftist liberal lingo for free rent to me.

I don't think laissez faire means what you think it means.

I think they mean the real estate on the moon will increase lol