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Ideally the Land value tax would be the only tax. Payroll taxes might be necessary for social security and Medicare but otherwise the idea would be that it repl

Ideally the Land value tax would be the only tax. Payroll taxes might be necessary for social security and Medicare but otherwise the idea would be that it replaces income taxes, corporate taxes, and so on. But this would be a direct tax and require a constitutional amendment like the 16th to implement. It really isn’t happening. But without something radical like the single tax, we will need to increase taxes and implement austerity to deal with the deficit and debt.

scoofy 2y ago
>Ideally the Land value tax would be the only tax. The problem is that land value has become completely disassociated with value. You could get rid of all income taxes, and by adding a land value tax, effectively half the homeowners in CA wouldn't be able to afford the taxes on their own property. Is that bad policy in CA? Sure, it definitely is, but it is the policy, and it would unleash a major short-term crisis.