Reply #13: This would do nothing but accelerate the concentration of wealth into fewer hands. [View All]

[kenny blankenship]

As others have already said, vacant property is taxed already. Raising a surtax on vacant properties in addition to existing property taxes would distress property values further by forcing sales from weaker to stronger hands, and would therefore serve to concentrate land ownership in the hands of banks (further). I thought we all agreed that highly concentrated land ownership/landlordship was a bad, more or less oligarchical idea?