3 ms·
Georgists and others who support land value taxes generally oppose conventional property taxes because property taxes are usually based on the total value of th
by dodobirdlord 7y ago
Georgists and others who support land value taxes generally oppose conventional property taxes because property taxes are usually based on the total value of the property, not just the component of the value that comes from the underlying land.
https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax
- lr4444lr 7y agoWell okay, but in the modern era like ours where value is increasingly found in intellectual property and an increasingly mobile workforce, physically commodifying land like that sounds more limiting, wedding the theory to a 19th century economy.
- dodobirdlord 7y agoWhile true, the underlying land is still enormously valuable, and the principle of the land value tax applies to other land-like things, most notably rights to use electromagnetic frequency bands.