Detroit is considering a land value tax.

The proposal, dubbed the Land Value Tax Plan, would increase taxes on land while reducing taxes on homes and structures by an expected 30%, or roughly $38 million total. This would apply to every neighborhood in Michigan’s largest city, requires no application and never expires.

If approved by the Michigan Legislature, and later by Detroit voters, Duggan said, the plan would provide relief to homeowners who have been struggling under the burden of high taxes, encourage further neighborhood growth and hold land speculators accountable.

Detroit Free Press

It makes a lot of sense to me. The cynic in me has to ask, how much are the politicians that would have to vote for this in on the land speculation game? Here in Philadelphia they certainly are. But I’m not one to name names…ah hell, COUNCILMAN KENYATTA JOHNSON I’M TALKING TO YOU.