For example, the farm I grew up on was way out in the country then. Now the city has come nearby, and the neighbors farm to the north is becoming a Wal-Mart. My mother would like to continue farming that land, and raising her horses there. But she's really afraid that the city will raise taxes on the land so much that she will have to sell her farm and turn it into a suburb to pay those taxes.
Seems like a "land value" tax would just accelerate the trend of making farmland into suburbs!
Tim Bonham, Ward 12, Standish-Ericsson
Message: 5 Date: Thu, 11 Nov 2004 10:54:27 -0800 (PST) From: Michael Jensvold <[EMAIL PROTECTED]> Subject: Re: [Mpls] IDS tower sold To: [EMAIL PROTECTED] Message-ID: <[EMAIL PROTECTED]> Content-Type: text/plain; charset=us-ascii
This is another example of how a land value tax would be superior to the current system. It's simpler to administer, it doesn't punish people for putting up good buildings, and it does punish people for sitting on valuable land for use as parking lots.
Mike Jensvold Ward 10
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