> I don't see why we shouldn't be optimistic here because historically speaking things have gotten much much better! To me, a gradual and consistent ramping up lvt would be probably the most progressive policy a country could pass at this point :D
This is probably more feasible than you think. A hybrid or split rate combining both land and property taxes is not only possible but apparently exists in practice in some cities, for example Pittsburgh.
This is probably more feasible than you think. A hybrid or split rate combining both land and property taxes is not only possible but apparently exists in practice in some cities, for example Pittsburgh.
https://www.chicagofed.org/-/media/publications/chicago-fed-...