Tax Land, Not Buildings

A blog about business and economics.
June 20 2012 12:26 AM

Tax Land, Not Buildings

There are a lot of tax-delinquent properties in Philadelphia, and the city is preparing to equip itself with the power to foreclose on deadbeat property owners. That should raise money by encouraging people to pay their taxes, and when people don't pay, the city can raise funds by selling the properties off. And yet Jonathan Geeting writes that some people are concerned about this strategy: "Speculators could form shell companies to buy up land from the land bank and then just sit on it, preventing timely development of more productive uses." That still doesn't sound as bad as tax delinquency to me, but as Geeting argues, this is exactly the kind of situation where taxing land rather than buildings makes a big difference. Evan Soltas also recently did a good post on the case for taxing land.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Politics

The Democrats’ War at Home

How can the president’s party defend itself from the president’s foreign policy blunders?

Congress’ Public Shaming of the Secret Service Was Political Grandstanding at Its Best

Michigan’s Tradition of Football “Toughness” Needs to Go—Starting With Coach Hoke

A Plentiful, Renewable Resource That America Keeps Overlooking

Animal manure.

Windows 8 Was So Bad That Microsoft Will Skip Straight to Windows 10

Politics

Cringing. Ducking. Mumbling.

How GOP candidates react whenever someone brings up reproductive rights or gay marriage.

Building a Better Workplace

You Deserve a Pre-cation

The smartest job perk you’ve never heard of.

Hasbro Is Cracking Down on Scrabble Players Who Turn Its Official Word List Into Popular Apps

The Ludicrous Claims You’ll Hear at This Company’s “Egg Freezing Parties”

  News & Politics
The World
Oct. 1 2014 11:48 AM Syria’s “Moderate” Rebels Are Realizing That U.S. Airstrikes Help Bashar al-Assad, Not Them
  Business
Buy a Small Business
Oct. 1 2014 11:43 AM “I Didn’t Want to Build the Next Twitter for Cats” Search funds are the quiet, dependable, risk-averse sibling to the startup. 
  Life
The Vault
Oct. 1 2014 10:49 AM James Meredith, Determined to Enroll at Ole Miss, Declares His Purpose in a 1961 Letter
  Double X
The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
  Slate Plus
Behind the Scenes
Oct. 1 2014 10:54 AM “I Need a Pair of Pants That Won’t Bore Me to Death” Troy Patterson talks about looking sharp, flat-top fades, and being Slate’s Gentleman Scholar.
  Arts
Brow Beat
Oct. 1 2014 10:44 AM Everyone’s Favorite Bob’s Burgers Character Gets a Remix You Can Dance to
  Technology
Future Tense
Oct. 1 2014 11:48 AM Watch a Crowd Go Wild When Steve Jobs Moves a Laptop in This 1999 Demonstration of WiFi
  Health & Science
Bad Astronomy
Oct. 1 2014 7:30 AM Say Hello to Our Quasi-Moon, 2014 OL339
  Sports
Sports Nut
Sept. 30 2014 5:54 PM Goodbye, Tough Guy It’s time for Michigan to fire its toughness-obsessed coach, Brady Hoke.