Land is land. We don’t get any more. Some land is inherently more valuable than other. We should be disincentivizing ownership of land unless it’s being cultivated or contributing in some way.
By saying that farms don’t pay property tax, we’re creating an avenue for billionaires to create “farms” and skirt taxes.
Instead what we should be doing is guaranteeing that crops will sell. Pay the property tax, use the land, and if your harvest fails at market, then the government covers the gap. But not before. I’m even cool with the government buying the seed and feed. That’s all renewable and contributes to a bountiful harvest. Having taxes to pay on the value of the land encourages it’s use, and pushes the wealthy billionaires away from wanting to own it just cuz. They’ll naturally look for the least valuable land if they just want a big ass estate. Who cares if they build a mansion on a pile of worthless rock?
Instead what we should be doing is guaranteeing that crops will sell. Pay the property tax, use the land, and if your harvest fails at market, then the government covers the gap.
SippyCup@feddit.nl 1 day ago
Land is land. We don’t get any more. Some land is inherently more valuable than other. We should be disincentivizing ownership of land unless it’s being cultivated or contributing in some way.
By saying that farms don’t pay property tax, we’re creating an avenue for billionaires to create “farms” and skirt taxes.
Instead what we should be doing is guaranteeing that crops will sell. Pay the property tax, use the land, and if your harvest fails at market, then the government covers the gap. But not before. I’m even cool with the government buying the seed and feed. That’s all renewable and contributes to a bountiful harvest. Having taxes to pay on the value of the land encourages it’s use, and pushes the wealthy billionaires away from wanting to own it just cuz. They’ll naturally look for the least valuable land if they just want a big ass estate. Who cares if they build a mansion on a pile of worthless rock?
Cryophilia@lemmy.world 1 day ago
That’s literally how it already works.