Why Mike Moffatt Doesn’t Love Land Value Taxes
Description
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.
Chapters
00:00 Introduction
01:31 Defining a Land Value Tax
03:15 The Functioning of the Current Property Tax System
04:30 The Concept of Taxing Land Value
06:00 Taxing Land and Structure Components
07:10 What are the advocates advocating for?
08:20 Different Proposals for a Land Value Tax
09:45 The City of Toronto's Approach to Housing Development
11:30 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 Homeowners
16:11 Do we want to Live the plot of Happy Gilmore?
17:45 Picking a Political Fight We Don’t Need to Pick
20:00 Encouraging Advocacy for Fairness and Solutions
21:15 When to Dip Your Shirt In Lemon Juice
Links:
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Hosted by Mike Moffatt & Cara Stern
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.