3 ms·
land value tax (or economic land rent) is normally seen as a REPLACEMENT for all other taxation, not an addition to it. "Land" in economics means natural resou
by syshum 5y ago
land value tax (or economic land rent) is normally seen as a REPLACEMENT for all other taxation, not an addition to it.
"Land" in economics means natural resources. Land includes three-dimensional space; natural materials such as oil, water, and minerals; wildlife and genetic endowments, and the electro-magnetic spectrum. Nature and natural resources are prior to and apart from human action.
I would whole heartily support replacing taxes on Labor (aka income tax), with taxes on economic land, equality and natural moral law implies equal self ownership. Therefore they should fully own their own wages and products of their own labor. However self-ownership does not apply to what a person has not produced namely natural resources aka economic land.
I however can not support adding a land value tax in addition to our current tax system