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We don't need some complicated cash transfer scheme -- land value tax will let the market solve this problem over time, and ensure that no economic rent inures
by hpkuarg 6y ago
We don't need some complicated cash transfer scheme -- land value tax will let the market solve this problem over time, and ensure that no economic rent inures to the landowner, who (as you rightfully mention) did nothing to create the value of a patch of Earth.
One can dream of a government fully funded only by land value tax...[0]
[0]: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism
- jfb 6y agoAs a resident of the great Dominion of Canada, I was very happy to see that Chrystia Freeland, the new Canadian minister of finance at one point sort of kind of endorsed the LVT.