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A Single Tax regime aka the Land Value Tax would make these articles a thing of the past. We could solve the deficit, pay down our debts and many people would

A Single Tax regime aka the Land Value Tax would make these articles a thing of the past. We could solve the deficit, pay down our debts and many people would pay less in taxes, if we eliminated all taxes and replaced them with a Land Value Tax.

kstrauser 2y ago
So if I were a trillionaire with a reasonable home, I’d pay the same taxes as my neighbor? Sign me up!
- kemotep 2y ago
  You would only be taxed based on your land use so yes. Labor and Capital would not be taxed only Land.
  - kstrauser 2y ago
    That sounds like a terrible idea.
    - kemotep 2y ago
      It’s a radical idea but with there being 1.4 billion acres of private property in the United States, at an average of $10,000 per acre for a Land Value Tax would raise 14 Trillion. Divided between the States and Federal Government, that would cover the 6.75 Trillion Dollar budget including the over 700 Billion Dollar deficit. With one single Tax that for many people would be a massive tax cut. We would balance the budget and could begin paying down the debt. How is that a terrible idea?
      - BenjiWiebe 2y ago
        Pretty sure that would immediately put every farmer out of business.
        kemotep 2y ago
        I did say average. Land in the middle of nowhere Nebraska is already dirt cheap compared to land in downtown Manhattan and agriculture is a productive use of the land. A Land Value Tax ideally targets the unimproved value of land. Farming would reduce the unimproved value and lower the tax burden. It would be the McMansions in suburbs that would be more onerously taxed if anything.
bmicraft 2y ago
Sounds a lot like you want to drive "The Poors" out of the city, because that would be how you'd do it.
- kemotep 2y ago
  An average of 10,000 dollars per acre, when multi-family houses and apartments fit several families, if not dozens or hundreds into a single acre, aka how high density and efficient land use in cities work, they would pay little if nothing in a LVT and have no income tax. It’s people who have several acres in high value areas or hundreds of acres not being used for productive agriculture, the Rich, who would pay millions in taxes. If an acre of land in New York City was 1 million dollars per year with a LVT, a high rise apartment with 100 units would have people paying 10,000 per year for their share. That would be a tax cut for many people. Yes, grandma in the Bay Area in a massive McMansion on a fixed income would be displaced but that land use was inefficient and they were not paying their share of property taxes today under our current system anyway thanks to California property taxes.

kstrauser 2y ago

So if I were a trillionaire with a reasonable home, I’d pay the same taxes as my neighbor? Sign me up!

kemotep 2y ago
You would only be taxed based on your land use so yes. Labor and Capital would not be taxed only Land.
- kstrauser 2y ago
  That sounds like a terrible idea.
  - kemotep 2y ago
    It’s a radical idea but with there being 1.4 billion acres of private property in the United States, at an average of $10,000 per acre for a Land Value Tax would raise 14 Trillion. Divided between the States and Federal Government, that would cover the 6.75 Trillion Dollar budget including the over 700 Billion Dollar deficit. With one single Tax that for many people would be a massive tax cut. We would balance the budget and could begin paying down the debt. How is that a terrible idea?
    - BenjiWiebe 2y ago
      Pretty sure that would immediately put every farmer out of business.
      - kemotep 2y ago
        I did say average. Land in the middle of nowhere Nebraska is already dirt cheap compared to land in downtown Manhattan and agriculture is a productive use of the land. A Land Value Tax ideally targets the unimproved value of land. Farming would reduce the unimproved value and lower the tax burden. It would be the McMansions in suburbs that would be more onerously taxed if anything.

bmicraft 2y ago

Sounds a lot like you want to drive "The Poors" out of the city, because that would be how you'd do it.

kemotep 2y ago
An average of 10,000 dollars per acre, when multi-family houses and apartments fit several families, if not dozens or hundreds into a single acre, aka how high density and efficient land use in cities work, they would pay little if nothing in a LVT and have no income tax. It’s people who have several acres in high value areas or hundreds of acres not being used for productive agriculture, the Rich, who would pay millions in taxes. If an acre of land in New York City was 1 million dollars per year with a LVT, a high rise apartment with 100 units would have people paying 10,000 per year for their share. That would be a tax cut for many people. Yes, grandma in the Bay Area in a massive McMansion on a fixed income would be displaced but that land use was inefficient and they were not paying their share of property taxes today under our current system anyway thanks to California property taxes.