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PIK_climate (pik_climate@wisskomm.social)'s status on Wednesday, 15-Nov-2023 03:29:19 JST PIK_climate

🆕 Taxing land instead of capital could reduce the widening gap between rich & poor in societies, finds new PIK study with PIK Director Ottmar #Edenhofer &
PIK scientist Max Franks. The benefits: less speculation in real estate, more funding for public transport.
👉 https://www.pik-potsdam.de/en/news/latest-news/land-taxation-can-reduce-wealth-inequality
In conversation about a year ago from wisskomm.social permalink
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  Land taxation can reduce wealth inequality
  
  11/14/2023 - Taxing land instead of capital could reduce the widening gap between rich and poor in societies, finds a new study from the Potsdam Institute for Climate Impact Research (PIK). A team of scientists shows that, in a world of rising inequality, shifting the tax burden away from capital to land taxation could restore balance and promote economic growth. Especially people with little or no wealth could benefit from land taxes, for example in the form of less rapidly rising housing costs. The few municipalities, that have implemented land rent taxation so far, have used it to finance public transport, among other infrastructure investments.

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