The NSW government is proposing to give homebuyers the option to not pay stamp duty on their housing purchase and instead opt to pay an ongoing land value tax. I have labelled such policies SD4LVT. SD4LVT seems to be motivated by "bad economics". All the efficiency gains that economic analysts claim will occur are merely assumptions and not very realistic ones at that.
Stamp duty for land value tax
Stamp duty for land value tax
Stamp duty for land value tax
The NSW government is proposing to give homebuyers the option to not pay stamp duty on their housing purchase and instead opt to pay an ongoing land value tax. I have labelled such policies SD4LVT. SD4LVT seems to be motivated by "bad economics". All the efficiency gains that economic analysts claim will occur are merely assumptions and not very realistic ones at that.