2023-10-17 Hacker News Top Articles and Its Summaries
1. Detroit wants to be the first big American city to tax land value Total comment counts : 52 Summary Detroit is planning to implement a radical new tax system that would tax land at a higher rate, regardless of whether there are buildings on it, in an effort to reduce blight and encourage development. The current property tax system in Detroit raises very little revenue, and the proposed changes aim to lower taxes for most residents while potentially spurring development....