2 ms·

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.