<quote>So your theory is that increasing the costs associated with rental prices will decrease the rent charged?</quote>
Land-value taxation does not inherently increase costs. When Harrisburg implemented their split taxation, tax bills dropped on a large majority of homes in Harrisburg. Detroit's plan will naturally reduce rents on something like 90% of homes in Detroit, and their law goes further and provides a remedy for anyone whose tax bill increases. On average they expect tax bills to be reduce by 17%. Reduction in tax burden is not a cost increase, it is a cost reduction. Their entire point of doing it is to reduce housing costs and increase housing supply. But maybe they, along with centuries of economists, are wrong and you are right?
<quote>You just took money out of the left pocket and placed it in the right pocket. </quote>
Not sure what you are getting here. It actually matters WHAT you tax. You get more of what you subsidize, and you get less of what you tax. The purpose of land-value taxes is to shift the tax burden away from housing/capital or labor, and toward economic rent, which results in, yes, less taxation of housing, capital, and labor, which results in lower housing costs, higher wages, and greater supply of capital, which is the entire point of doing it. If you are calling that taking money out of one pocket (economic rent) and putting it in another (housing/labor) then so be it; that's the entire point in fact, because it provably results in lower housing costs, better quality of housing, and lower real rents from multiple mechanisms. Land-value tax is the most efficient tax that anyone has proposed, it is what Milton Friedman called "the least bad tax".
<quote>Nobody in this discussion is talking about reducing tax. The whole discussion is about raising taxes to pay for UBI.</quote>
The entire parent discussion was about UBI and how it doesn't work because of the problem of taxation to pay for it. He's not wrong; you can't pay for UBI with typical tax structures, but I proposed a mechanism that could possibly fund a UBI, and that's land-value taxation. It has been recognized for centuries that because LVT takes money from rent, which is economic deadweight loss, and injects it elsewhere in the economy, which is possibly economic deadweight loss, if the recipients literally set the cash on fire, but very probably not, because they will probably spend it on goods and services, so such a tax has a net economic benefit, the only such tax that does, meaning it could conceivably pay for a UBI and actually work, and it's the only type of tax that can do so. Henry George proposed funding a UBI this way in 1830, but they didn't like acronyms back then so he called it a "citizen's dividend" instead of a UBI.
<quote>Your conversation is off on a tangent that completely avoids the discussion of UBI.</quote>
You must not have read my message at all, because my message was about how to fund a UBI; a direct response to the parent's claim that UBI is problematic because it is difficult to fund by taxes.