> Every part of this is a series of intentional policy changes designed to transfer wealth from the poor to the ultra-wealthy.
No, it is a transfer from those who don’t own land to those who already own land. Roughly correlates to young/poor/immigrant classes transferring wealth (or maintaining wealth disparity) to older/richer/beneficiary classes.
That is why it is politically popular. Low and flat land value tax rates have always enabled this, but their effects were temporarily masked by the population boom allowing a lot of upward movement in the lower (non land owning) classes due to broad economic growth.
No, it is a transfer from those who don’t own land to those who already own land. Roughly correlates to young/poor/immigrant classes transferring wealth (or maintaining wealth disparity) to older/richer/beneficiary classes.
That is why it is politically popular. Low and flat land value tax rates have always enabled this, but their effects were temporarily masked by the population boom allowing a lot of upward movement in the lower (non land owning) classes due to broad economic growth.