ID: A Sophie Labelle 4 panel comic featuring Stephie in different poses, saying:
Landlords do not provide housing.
They buy and Hold more space than they need for themselves.
Then, they create a false scarcity and profit off of it.
What they’re doing is literally the opposite of providing housing.
Landlords would just raise rent and claim the taxes as an expense. If they couldn’t claim it as expenses they’ll just increase rent even more.
So because other landlords will be trying to raise money to pay the land value tax, they will be more desperate for renters, and will offer a lower price. So if your landlord tried to raise the rent, you would have a lot of cheaper options to leave to. It would make landlords compete against each other.
See here for theory and empirics, including an example from Denmark