"The Marxist resents landlords because he sees them profiting off of land which gains its value from the community who dwells and works there, and speculating on homes which should be rented or sold more cheaply to those who need them, and not held as investments or as AirBnBs. The Marxist sees too few houses and too high prices — and he is right.
The CEO of a high speed train company sees land that is not being put to its most valuable use, and landowners who will hold out and cause her court troubles and nasty payouts — all before she can build something that this community badly needs and will value highly.
SALSA would fix both of these problems. SALSA is a legal system that would have all owners of property — for now let’s just stick to real estate — self-assess the value of that lot or building and pay a fixed percentage of that as a tax. The twist is that anyone can immediately buy the property at the self-assessed price, which would be listed on some publicly available database, which forces owners to assess the price fairly. If they assess low, they will get to pay low taxes, but someone might buy their property at a steal of a price. Assess too high, and no one is likely to buy it, but taxes become steep."
https://www.radicalxchange.org/media/blog/millennials-zoomers-and-salsa-just-radical-enough/
The CEO of a high speed train company sees land that is not being put to its most valuable use, and landowners who will hold out and cause her court troubles and nasty payouts — all before she can build something that this community badly needs and will value highly.
SALSA would fix both of these problems. SALSA is a legal system that would have all owners of property — for now let’s just stick to real estate — self-assess the value of that lot or building and pay a fixed percentage of that as a tax. The twist is that anyone can immediately buy the property at the self-assessed price, which would be listed on some publicly available database, which forces owners to assess the price fairly. If they assess low, they will get to pay low taxes, but someone might buy their property at a steal of a price. Assess too high, and no one is likely to buy it, but taxes become steep."
https://www.radicalxchange.org/media/blog/millennials-zoomers-and-salsa-just-radical-enough/