Detroit LVT: Will total tax burden on the average citizen go up? (2028)
Detroit LVT: Will total tax burden on the average citizen go up? (2028)
Mini
3
Ṁ21
2029
64%
chance

Detroit is planning on an LVT project. It still has to pass a few legislative hurdles, but Mayor Duggan is pushing hard. You can read all about it here:
https://www.economist.com/united-states/2023/10/05/detroit-wants-to-be-the-first-big-american-city-to-tax-land-value

This market resolves N/A if the LVT project is not implemented by the expiration date.


This market is one of a series of markets based on the very confident predictions found in the Marginal Revolution comments section on the subject (mostly, but not always, about how it will fail). I'm turning each of these into a market. (Group link for all these markets)


Commenter Icn:

... politicians luv to play shell-games with their wide array of Taxes and ever creative tax rules.
Total Tax Burden on the citizen is what counts ... and it always goes up.

Two years after the implementation of the LVT project, If the total tax burden on the average citizen of Detroit goes up (excluding federal taxes but not state taxes), then this market resolves YES. Otherwise it resolves NO.

#Detroit LVT
#Georgism
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1y

Can you clarify what you mean by average? Do you mean the typical tax of someone with an average income or average home, or average tax burden which is total tax divided by population?

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