Quote Originally Posted by gratiotfaced View Post
https://www.youtube.com/watch?v=_A_Z96gZxIM&t=2292s

Duggan's speech here might help alleviate some concerns.

Also, not to nitpick, but an LVT is a textbook example of Georgism, not Socialism.
Of course it isn't socialism--people just like to use that word as a catchall for stuff they don't like. If anything, the main idea of Georgism is to not tax stuff that's being produced by human effort [[land improvements like structures) but tax the stuff that people aren't responsible for--the existence of the surface of the earth. In that sense, it's quite capitalist.

One thing to keep in mind is that this proposal would only affect the city tax portion of the property tax bill, so the changes seen by individual property owners would be muted. But even so, it should make it a lot less attractive to own a downtown parking lot.