Re: New Orleans and LVT

>What would happen under your proposal, for better or for worse, is that
>nothing would get done.

On the contrary, far more would get done. If we did not tax the value
of structures, but only the land beneath them, there would be a
tremendous incentive to build.

>Also, it would be difficult to assess such a tax in
>proportion to benefit - possible future hotels vs. possible future housing
>projects vs. nearby standing housing in a different Parish etc.

The developer willing to pay the highest tax would get the land.

>Also, you would have to assess such a tax on a national or state level or else
>change the concept of the way govt. works today.

Nonsense. The government has already cut certain taxes, suspended many
laws pertaining to labor regulations, began awarding no bid contracts,
etc. within New Orleans only. It's an emergency situation.

>There seems to a concept of national and state responsibility for >infrastructure/protection against threats/insurance in some senses.

So? If the federal government is going to shell out the reconstruction
funding, they can mandate tax changes at the state and local levels as
well.

.

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