Allusion is typically made to the "poor widow"
1. Who, on a fixed income of a pension and/or social security is compelled
to sell her home...
2. Although pundits and politicians are often hard put to provide an
instance in which this has happened...
The surprise isn't that pundits and politicians are hard put to provide an instance in which this has happened. The surprise is in the utter gall on the parts of those who would suggest that it doesn't happen. Nobody collects that kind of data. There is no check box anywhere during a sale that says, "I'm selling my home because I can no longer afford to pay ridiculous rent payments to the government." It's just recorded as a sale.
That's like the native in Dances With Wolves who, upon finding the Lieutenant's hat on the prairie and keeping it as his own, says to everyone with a straight face, "He didn't want it any more."
Priceless logic. The more that people want something, the less they should have to pay for it? Isn't one of the basic rules of free markets that people are prepared to pay more for things which are of value to them; and isn't there a behavioural rule that people value things more if they have to pay for them?
The priceless logic employed here is your conflation of rentals and ownership; rental prices with sale prices, with the assumption that the word "want" refers to "wants to forever rent". Compare with anything else that is actually owned, so that it's free of obfuscation:
The shovel that I own I paid for ONCE, even though I use it over and over again (and COULD rent it out to others). I may "want" that shovel just as badly as the first time I bought it every time I use it, but the original price, having already been paid, is amortized over the life of the shovel. That expectation isn't "priceless logic". It's absolutely and perfectly NORMAL for anything that is paid for ONCE and truly owned.
What happens now? If you can't afford to live somwhere you move to somwhere you can afford.
Extend that logic out to a personal property tax, and ridiculousness of that logic becomes apparent in your paradigm wherein ownership is not even an option. You already DID afford whatever it is you
bought and
own, like any other thing considered your property. With landownership, you already ARE living somewhere you can afford, if that land is paid for. Under LVT, the land becomes priceless -- not for sale -- FOR RENT ONLY, as the state assumes the role of those people geolibertarians hate and revile the most.
LVT has exemptions for various reasons. Under LVT, an old widow in a massive valuable house can defer payment until death or sale of property.
Wrong. "LVT" in and of itself doesn't have any of that. It doesn't have exemptions, and it doesn't have provisions for deferring payments. Your version might - Roy's versions would, but that's not "LVT" - those are your arbitrary PROPOSED exceptions to the LVT
rule you want established.
As regards the poor widow neighbour. It certainly is her fault if she has "little cash", it's called "not saving up while you are working". And if she wanted, she could be sitting on a huge great pile of cash locked up in the land under her feet, so this sort of poverty is entirely self-inflicted.
That's where geolibs earn and deserve my complete and utter contempt as the callous soulless collectivist thieves that they are. Carry that forward to a personal property tax. If someone doesn't have the cash to pay it, they can always liquidate their property. It's their "
choice", right? They are "
free" to not own, or to "own" (read=rent from the ultimate owner state) something cheaper. Silly Billies, with all that unnecessarily self-inflicted poverty.
What LVT would do is encourage Poor Widows in large houses to do the economically rational thing and down size a bit to somewhere costing "only" far less, freeing up huge great piles of cash for them to really enjoy their last few years.
I have a better idea - how about we just keep the propertarian framework, and the widow can just own what was already paid for and is already hers by right? And that obnoxiously vague thing called "community" that geolibs like to invoke for entitlements can go stuff itself, while the government remains nothing but a servant with a decidedly limited role.
And, if we are that worried presumably we could have an old lady exemption that might be slowly phased out? The older generation cannot go on holding the younger generation hostage...
The younger generation isn't held hostage. That's the geolib fantasy delusion. The thieves in that generation can go and do likewise, or draw back really bloody stumps when they try to lay collectivist claim to what truly isn't theirs at all. Really. All thieves must hang. Not the pretend thieves that geolibs make landowners out to be, but the real thieves, who rationalize theft by recognizing no individual ownership rights where land is concerned. Those thieves. The real would-be thieves, who share in a collectivist balm for their thievery -- their sociopathic complicity for a guilt they should, but will never, feel.
Why shouldn't the Poor Widow, who has struck property gold and won the lottery of life and who can bank her winnings any time and still afford somewhere nice with enough money left over to pay the tax for the rest of her life, pay more than a genuinely Poor Widow (whose husband was a coal miner and died of lung disease twenty years ago etc) who still lives in a small house that's barely beaten inflation since the 1940s?
Nice class warfare rhetoric, but that one's easy. Whomever it is that strikes gold (even "property gold"), whether they earned it or just found it, is entitled to that gold - without regard to all the "genuinely poor" who were not as fortunate.
You can save a lot of money by trading down from a swanky home into a suitable place.
Thanks for the unsolicited savings advice for those who don't care about your ideas on how to "save money" through liquidating, and certainly wouldn't, and shouldn't, care about whatever you thought was "a suitable place" for them.