Why Mike Moffatt Doesn’t Love Land Value Taxes

Recently, economist Mike Moffatt got into a bit of a Twitter argument with housing advocates who think a land value tax can solve the housing crisis. He doesn’t think so. This conversation explores the idea of a land value tax as a solution to the housing crisis. The hosts discuss the concept of a land value tax, which involves increasing the tax on the land portion of property and using the revenue for other purposes. They debate the effectiveness of this approach and its potential impact on housing development. Chapters00:00 Introduction01:31 Defining a Land Value Tax03:15 The Functioning of the Current Property Tax System04:30 The Concept of Taxing Land Value06:00 Taxing Land and Structure Components07:10 What are the advocates advocating for?08:20 Different Proposals for a Land Value Tax09:45 The City of Toronto's Approach to Housing Development11:30 Is a Land Value Tax the Way To Go?13:00 Increasing efficiency of a property?14:44 Consequences of a Land Value Tax for Homeowners16:11 Do we want to Live the plot of Happy Gilmore?17:45 Picking a Political Fight We Don’t Need to Pick20:00 Encouraging Advocacy for Fairness and Solutions21:15 When to Dip Your Shirt In Lemon JuiceLinks:How To Remove Ballpoint Pen Ink Stains From Your Clothinghttps://www.sourcecollections.com/pages/stain-guides-ball-point-ink-stains#:~:text=For%20felt%20pen%20stains%2C%20lemon,stain%20and%20let%20it%20dry.&text=Next%2C%20scrub%20the%20stain%20using,your%20fingers%2C%20with%20cold%20water.Hosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/