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by satyrnein
2404 days ago
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The Georgist or geolibertarian positions on this center around a Land Value Tax, sometimes believed to be the only necessary tax. Someone does own the land, but is taxed at a rate that captures the entire value of the (unimproved) land, so in some ways it's more akin to rent, which neutralizes some of the historic advantages certain groups enjoyed. This tax is essentially paid to the public to compensate them for being excluded from the land. The tax moves up as the value of the land increases, so idle landowners do not capture the value themselves, and may be forced to sell to people who will put it to more productive use. That's just scratching the surface, though! |
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