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> So are you saying that there's an essential difference between someone who owns an apartment or two and rents them out vs. someone who owns an equal amount of
by JSavageOne 6y ago
> So are you saying that there's an essential difference between someone who owns an apartment or two and rents them out vs. someone who owns an equal amount of an investment fun
Yes, the difference is that land was not created by anyone, it is given to us by the earth. Thus everyone is entitled to their fair share of the land. Land ownership itself is the exclusion of land from everyone else - a monopoly. Any profit made off of the land value itself is unearned income, and should be taxed.
I'm just relaying Henry George's Land Value Tax