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The single quote is understandably a narrow view of the larger article. My view is that the 100% tax on income from the land removes profit motive and price dis
by aww_dang 6y ago
The single quote is understandably a narrow view of the larger article. My view is that the 100% tax on income from the land removes profit motive and price discovery in a way which is similar to outright nationalization. However, I agree with your assessment of the quote as a stand alone item.
https://mises.org/library/single-tax-economic-and-moral-implications https://mises.org/library/single-tax-economic-and-moral-impl...
- snidane 6y agoIt removes profit incentive of reselling land to somebody who wants to use it. It doesn't remove profit incentive of the activity you'd want to perform on that land. Land under 100% LVT only becomes an input to production. And makes it unprofitable for holding it for somebody else. When you are in business of making apple pies you simply buy apples as input. You don't need any middlemen holding them for you if you can hold them yourself.