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190
Patrick
2025 Apr 21, 8:30pm
Patrick
2025 Apr 21, 8:30pm
Hong Kong has a land value tax as well:
Economic Efficiency: LVT is praised for not distorting economic activity, as land supply is fixed. Hong Kong’s government rent and rates encourage development by taxing land value regardless of improvements, reducing speculative holding.
Progressive Taxation: LVT shifts the tax burden to landowners, who often hold wealth. Hong Kong’s rates (progressive for high-value properties) and government rent align with this, though property tax is less progressive due to exemptions.
Urban Development: By taxing land value, Hong Kong discourages vacant lots and promotes dense, transit-oriented development, supporting its compact urban model (25% of land developed, 75% preserved). The vacancy tax further incentivizes productive use.
Public Revenue: Land-based taxes fund infrastructure without heavy reliance on income taxes, as seen in projects like the airport. Hong Kong raises ~38% of revenue from land-related sources, per some estimates.
191
MolotovCocktail
2025 Apr 21, 10:23pm
MolotovCocktail
2025 Apr 21, 10:23pm
Patrick says
According to that article, large swaths of HK property is exempt.
Hong Kong has a land value tax as well:
According to that article, large swaths of HK property is exempt.
193
Patrick
2025 Aug 10, 1:34pm
All of that could be avoided by funding the government with a land value tax and tariffs.
Maybe the federal government should run 100% on tariffs, and state and local governments on the land value tax.
Patrick
2025 Aug 10, 1:34pm
All of that could be avoided by funding the government with a land value tax and tariffs.
Maybe the federal government should run 100% on tariffs, and state and local governments on the land value tax.
194
HeadSet
2025 Aug 10, 5:46pm
HeadSet
2025 Aug 10, 5:46pm
Patrick says
Local governments already have a land value tax. This is virtually every city/county in the nation.
state and local governments on the land value tax.
Local governments already have a land value tax. This is virtually every city/county in the nation.
195
Patrick
2025 Aug 10, 6:01pm
Patrick
2025 Aug 10, 6:01pm
Yes, a good start. Now they need to eliminate the taxes on the buildings, then eliminate income tax and sales tax.
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These links look pretty good. I just read the first one. They all pretty long, but seem worth the read:
https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty
https://astralcodexten.substack.com/p/does-georgism-work-is-land-really
https://astralcodexten.substack.com/p/does-georgism-work-part-2-can-landlords
https://astralcodexten.substack.com/p/does-georgism-work-part-3-can-unimproved
https://www.theirishstory.com/2016/10/18/the-great-irish-famine-1845-1851-a-brief-overview/
The main impediment, politically, would be the reduction in land prices. But perhaps some tech billionaires would throw their weight behind Georgism purely out of self-interest. They would come out ahead if income tax is reduced as much as the land value tax is raised.