No the idea is that it is very distinct from property. It is just the value of the land. Any “improvement”, be it a house, a factory, or an apartment building is untaxed.

Sorry if I was unclear. It would happen continuously, over time. So like monthly or yearly, just like rent to a landlord.

You would only pay tax on the unimproved value of land. You pay no tax on everything built on it. So an empty 1-acre lot next to an apartment building providing 100 homes on a 1-acre lot would both pay the same taxes.

So landlords would earn a profit but they wouldn’t earn rent (in the neoclassical sense).

Its almost like anybody who wants exclusive access to land (for their housing or their business) has to pay society for the right to use it. And if a business (like an apartment) tried to pass on costs to customer (their renters) without providing more or better services, they are essentially just admitting their land got more valuable, so they would just pay more in land value tax (thereby providing more funding for UBI or public services)

There is a solution for landlords that we’ve known about for a long time.

And its doesn’t involve the a massive, powerful state controlling where people can live.

Its a 100% tax on the value of land. It would stop the landowning class from unfairly stealing huge amounts of money from the poor in the form of rent. It could fund the government (allowing us to decrease taxes that hurt labor, like an income tax), or be redistributed as UBI.

Seriously, if you are at all interested in potential solutions to the housing crises and wealth inequality, please, please, google Land Value Tax and Georgism.

100% tax on the value of land is the policy proposal. It makes economic sense, would let us abolish regressive taxes on labor and sales, would incentivize more abundant housing. Seriously. This is the solution.

Fuck landlords. There should be a 100% tax on the value of land

How has no comment in this thread yet mentioned Georgism or Land Value Tax? That is the solution to Landlordism

Google georgism

100% Land Value Tax redistributed as UBI por favor!!!

capitalism is celebrating

capitalism is not a person

100% Land Value Tax pleaseeee, way better than guillotines

There is a way to get rid of landlord’s insane unearned income without a violent revolution, while also making our cities more lovely places to love.

A 100% tax on the value of land, redistributed as UBI and government services. Basically the people become the landlords.