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California is chasing wealth that has feet

293 points · 870 comments · idbnstra

  1. abeppu · · focus · HN ↗
    > The land value tax can’t be dodged by leaving nor can it be passed on to renters.

    In what sense can't it be passed to renters? Esp if all landlords in the market were faced with a new land tax that they had not previously planned for, why would it not be passed on?

    1. wmf · · focus · HN ↗
      My understanding is that LVT would be lower than current property taxes, so it should be viewed as a tax cut for landlords not an increase.
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