[kemotep]

If I could wave a magic wand and get the policies I want, I would abolish essentially all taxes except a Land Value Tax. At an average of $10,000 per acre and a roughly 1.4 Billion acres of private property that we could “reasonably” collect on, that is $14 Trillion in Revenue per year. Split between the Federal, State, and Local governments proportionally, leaving around ~$8 trillion for the Feds. If we could keep the Federal budget under $7 trillion, then $1 trillion per year could service the debt.

It would take nearly 40 years to pay it off at that rate. But if we save for 49, a Jubilee of Jubilee years, we could essentially wipe out all debt in this country.

Real pie in the sky fantasy stuff to think people could follow an “eat your vegetables” tax and budget plan for 40+ years and also accept what is ostensibly a massive property tax hike, the least popular tax ever.

[M95D]

You can't tax all land the same. Food will get very expensive.

[kemotep]

Of course which is why I said average. And farmers (and everyone else) would not be paying taxes on income, payroll taxes for field hands, gas taxes, import/export taxes, and so on so for many this could be a significant tax cut or a wash with what they already pay.

And inefficient land uses would be taxed out and others who would more productively use the land could take over.

But this is a pure fantasy scenario to start with because of the millions of people in the suburbs who already hate the concept of property taxes and whose land use directly would be impacted by such a tax.