This is the concept of a Land Value Tax (LVT), except that unlike a property tax... | Hacker News

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		xvedejas on Sept 1, 2021 \| parent \| context \| favorite \| on: My House This is the concept of a Land Value Tax (LVT), except that unlike a property tax, LVT wouldn't tax your own improvements to property (like building a house), only 100% of fortune gained from land appreciation.

lifeisstillgood on Sept 1, 2021 [–]

But how to implement a LVT?

There is a comment just above that profit from selling a house is taxed as income! (!!!)

As long as commerical and personal taxes are aligned, that seems a strong solution.

But no politician in US / UK could survive after introducing it.

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