> Smith's preference was for a tax on land, which is difficult to move off-shore. I like the idea of land tax, but I like that statement even more. (Land tax,

> Smith's preference was for a tax on land, which is difficult to move off-shore. I like the idea of land tax, but I like that statement even more. (Land tax, on paper, seems like it would be such a good idea, and transaction taxes are nowadays so invasive, that it's incomprehensible to me why we don't have them.)