New Land Value Tax proposal unveiled by Detroit Mayor Duggan, Rep. Young
State Legislators, City Council Members, and Community Leaders express strong support for land value tax for Detroit.
New Land Value Tax proposal unveiled by Detroit Mayor Duggan, Rep. Young
State Legislators, City Council Members, and Community Leaders express strong support for land value tax for Detroit.
“The idea of a land value tax is an idea whose time has come.”
Detroit Mayor Mike Duggan outlines Land Value Tax Plan
Mayor Duggan - Sweeping New Tax Proposal Unveiled at Mackinac Policy Conference
Coined the Land Value Tax Plan, the proposal is an innovative approach to fixing Michigan’s broken property tax system that would bring much-needed relief to homeowners and most businesses while making owners of blighted and vacant properties pay their fair share. …the Land Value Tax Plan will provide long overdue relief to homeowners who’ve been struggling under the burden of high taxes for decades … and hold land speculators accountable.
“From blight to beauty.” At 8 minutes focus on tax shift. Time stamps when audience members are cheering and clapping: 20:00, 21:30; 22:16, 23:50, 30:00, 31:30, 44:00
Top international economists give Detroit's Land Value tax proposal high marks
When asked whether shifting the burden of property taxes towards land and away from improvements, as proposed by Detroit’s proposed Land Value Tax, 83% of the 41 leading economists who participated in the poll agreed or strongly agreed with a high level of confidence that such a proposal would give a substantial boost to local economic growth in the next 10 years.
“Economists don’t often agree on municipal tax policy, so it was encouraging to see how broad the support was among these leading economists,” said Detroit’s Chief Financial Officer, Jay Rising. “We believe this is the right approach for Detroit homeowners to lower their property taxes and to incentivize new development on vacant land.”
New Report: Taxing Land More Than Buildings Would Help Detroit Homeowners and Spur Development
“If we are to continue the momentum of Detroit’s positive, equitable growth, we must transform our property tax structure to alleviate the burden on majority Black homeowners and local developers,” said Dave Blaszkiewicz, president and CEO of Invest Detroit. “This report provides a solution that accomplishes that while also disincentivizing blighted and underutilized properties that hinder Detroit’s growth.”
Detroit’s Land Value Tax Plan Explained - Several questions answered
https://www.bridgedetroit.com/detroits-land-value-tax-plan-explained/
Detroit- A Case Study on Taxing Land instead of Property - Policy Center on Land Value Tax
https://bipartisanpolicy.org/blog/detroit-mi-a-case-study-on-taxing-land-instead-of-property/
New policies don't come easily! Yet we badly need some more serious reformations. Here is my alternative way for achieving George's idea without offending the landowners.
A MORE STEALTHY GEORGIST CAT
The Georgist cat is small and lean
And often doesn’t get to be seen.
It hides in the branches of an economic’s-tree
So it takes a long while for you or for me,
To appreciate its cute and original form
That the landlords are so ready to scorn.
The economic’s-tree has many fine branches
(On which we contend, there are no free-lunches).
Whilst the land-owning rich in the city all claim
As bloated capitalists, that they’re not to blame
For the gap that lays ‘twixt the poor and the wealthy,
But oppose any tax to make our nation healthy.
Have you heard the tale of a committee, that
Thought to bell and get warning of a fat cat?
But could not find a soul to apply this device,
Because typically all were a council of mice!
Our Georgist cat has a bell ready-fitted,
(Which makes this analogy more to be pitted).
This warning sound makes our ideals unwanted,
For a new tax is how politicians get doubted.
So the Georgist cat fails to catch any mice
That pose as landlords, along with their vice.
But how shall we silence the bell’s warning sound
And quieten the news that our pussy’s around?
Our Georgist feline is in serious error,
‘Cause its bell draws attention not only to whether
Valuable sites can be ethically shared,
But also the rent from a site is declared
As the means to replace other kinds of taxation,
Which obviously causes the landlords vexation.
In the economic’s tree many other beasts lurk
But are missed, after learning of Henry G’s quirk
Through the cat-finder’s recently brilliant discovery.
This writer seeks a new means for recovery
From our politi-unacceptable claim,
And stealthily project LVT once again.
If we would but examine some more of the tree
Alternatives are waiting there for us to see.
Among them is hiding a far better way
For an equivalent LVT effect, to stay
In essence, without causing such evil offences
To the landlords and their partitioning fences.
When a property-owner decides to sell--quick
The gov’ment buys its land, and not the public!
Its occupant then leases it for a similar fee
To the One-Tax of Henry George’s decree.
Any buildings on-site should be sold as previously
But without the land, on which the price grievously
Had risen, with huge speculation in its advance
That stopped entrepreneurs from having a chance.
The cost of this land must be raised through new bonds
Which the government sells and the public responds,
‘Though their interest-rate’s a bit lower than rent,
Their returns are more stable than the average tenant!
This process will take many years to complete--
So its financial support is no great money feat.
After the lease-fees begin to collect,
Gov’ments can tax less, and firmly expect
To pursue this policy without change, until
All the lease-fees are site-rents in the Gov’ment’s till.
With the land properly shared, the government sees
That site development stays with the current leasees.
Other taxes that cause so much trouble and hate
Are scrapped, with great pleasure to all in the state,
Except for some bankers and the tax collectors
Whose actions no longer apply in these sectors.
Land-rights will be shared through this simple device,
By a fast-growing country that takes our advice.