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This is the second time I've seen"taxation of land" in this thread as if the dirt my house is sitting on has the ability to write checks to the local government
by webXL 10y ago
This is the second time I've seen"taxation of land" in this thread as if the dirt my house is sitting on has the ability to write checks to the local government. I might be missing something, but all tax revenue ultimately comes from profits, or the difference between our value of something and its cost. That difference requires someone's labor. Even if there's a ton of gold under my house, someone has to dig it up, process it and find buyers. You might not think I'm entitled to 100% of the profits, but it's naive to think you're somehow not taxing labor.