people don’t like big sudden changes that cost them a lot of money.
People don’t like ANY changes that cost them a lot of money. The only saving grace of gradual rollout is that it’s easy to continuously delay the next step until it gets fully killed before going too far.
Any proposal that amounts to “nationalize Trillions of dollars worth of land value (or of net present value of future rent streams, same thing), without compensation” is going to face backlash from a lot of people, including me. REGARDLESS of timeframe or gradualness.
Well, there will be compensation, that’s the whole idea of LVT—it’s a more efficient tax, so you can reduce inefficient taxes. But I guess you mean for the same person. And that is the hard to prove point.
I guess the only time to introduce such a tax is after a war.
The only saving grace of gradual rollout is that it’s easy to continuously delay the next step until it gets fully killed before going too far.
This is a bit hyperbolic. As a general matter, gradual rollouts have other important benefits, such as the fact that they allow people to be free to optimize: by maintaining a more transparent, slow-moving pace of change in the background legal system, citizens (and companies etc.) are able to more easily deal with the modifications by “smoothing” their adaptations over time instead of being hit with something they were not prepared for and are unable to deal with in a very short time-frame.
Very rapid rollouts generate more uncertainty and unpredictability, which can sometimes result in a situation that’s even worse than if a bad, but more certain option was chosen (partly because individuals who react rationally to uncertainty generally do so by hedging their bets and wasting resources on preparing for future world-states that seemed possible at the time but were not actually reached, in hindsight).
People don’t like ANY changes that cost them a lot of money. The only saving grace of gradual rollout is that it’s easy to continuously delay the next step until it gets fully killed before going too far.
Any proposal that amounts to “nationalize Trillions of dollars worth of land value (or of net present value of future rent streams, same thing), without compensation” is going to face backlash from a lot of people, including me. REGARDLESS of timeframe or gradualness.
Well, there will be compensation, that’s the whole idea of LVT—it’s a more efficient tax, so you can reduce inefficient taxes. But I guess you mean for the same person. And that is the hard to prove point.
I guess the only time to introduce such a tax is after a war.
This is a bit hyperbolic. As a general matter, gradual rollouts have other important benefits, such as the fact that they allow people to be free to optimize: by maintaining a more transparent, slow-moving pace of change in the background legal system, citizens (and companies etc.) are able to more easily deal with the modifications by “smoothing” their adaptations over time instead of being hit with something they were not prepared for and are unable to deal with in a very short time-frame.
Very rapid rollouts generate more uncertainty and unpredictability, which can sometimes result in a situation that’s even worse than if a bad, but more certain option was chosen (partly because individuals who react rationally to uncertainty generally do so by hedging their bets and wasting resources on preparing for future world-states that seemed possible at the time but were not actually reached, in hindsight).