Tony Bryer wrote
Andrew May wrote

Now imagine the govt introduces a rental property tax of, let's
say $100. You really now need to rent for $400-$420 but the
market won't allow that. So, you exit the market. If the tax applies
to everyone renting then a lot of other people will exit too. That
reduces the supply of rental properties and as a consequence
pushes up prices to a point where those that are left can recover
the extra $100 that they are having to pay through increased rents.

There would be fewer rental properties on the market, which
would tend to push rents up. But it would also take BTL buyers
out of the market which would increase the supply of owner-
occupied property, so at the margin those who might have
rented would now find it more worthwhile to buy.

There are unlikely to be anything like as many new BLT buyers
choosing noit to do that as landlords deciding to stop being landlords.

And that scenariio wouldnt happen with just an LVT and no other taxes at all.

You would in fact find that hardly anyone would be able to pay
the immense LVT that would be needed to raise the same total
tax revenue as is currently raised with all sorts of taxation.