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Henry George’s LVT is a 100% tax on land rents. A 100% tax is also known as a seizure. Maybe there is some tax rate that would make this more in line with exist
by closeparen 5y ago
Henry George’s LVT is a 100% tax on land rents. A 100% tax is also known as a seizure. Maybe there is some tax rate that would make this more in line with existing corporate or income taxes but setting it so low would also undermine its key benefits.
- clairity 5y agothat's being intentionally obtuse. the tax is on rents, not the land itself (nor on productive use). again, rents are unproductive, while seizure is taking by force. make productive use of desirable and productive land or sell it if you don't want to pay the tax (note: no seizure here), and move to less desirable land if you just want to own land without that pressure. less than roughly 1% of the land area of the US would have such pressures, so you'd have plenty of tax-free land to choose from, and it'd be cheaper to buy too. productive land should be put to its "highest and best use".