The LVT seems to me to be a lot like a carbon tax: a wonderful technocratic idea that is politically untenable. LTV would be great for humanity, but very bad for present homeowners. Since homeowners are wealthy and thus more politically engaged on average, I just don’t see how this could ever get passed. Instead of starting with an impossible task, why not start instead with a merely incredibly unlikely task: repeal proposition 13.
Gimpei · · focus · HN ↗
singpolyma3 · · focus · HN ↗
maomao5 · · focus · HN ↗
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rcpt · · focus · HN ↗
It's usually up against some insane shit like Prop 13