4:30 lol 👋hi Monopsony = single purchaser (eg of labor in a company town or school district) 11:00 Manifest destiny 16:00 for elites who don’t make money by work, it’s better that the income tax be raised on wage and salary workers than Land Tax 32:00 lease end and transition 36:00 existing built cities 37:00 lunar development cooperative
Any society that collects and equally shares land values would want to maximise its aggregated value. That means getting the right balance of development. Vertical is more efficient, horizontal greater welfare. markwadsworth.blogspot.com/2016/06/laffer-curve-of-planning.html
1 Land value isn't "created" in the sense value for goods and services is created. Disneyworld may well have shifted demand for proximity to the attractions they supplied. That's doesn't confer a moral property right to the resultant scarcity value of land their attractions occupy. markwadsworth.blogspot.com/2016/12/causation-is-not-creation_28.html 2 The state provides goods and services for which it has a right to charge its citizens for. But as per above, it has no right to claim land values for itself as a tax. This is where Henry George and many LVT advocates go wrong. 3 Land, by definition, is supplied free of human inputs. Therefore when it gains a monetary value, those excluded from that source of cost free income suffer a loss of opportunity. It should therefore be incumbent upon those wishing to exclude others from land to compensate them for that loss. As we are all equally excluded, we are all owed an equal share of lands rental value. This compensatory payment is in principle, no different to the payment of wages or for goods/services received. The latter all being compensation for loss of opportunity. This payment would be collected, along with other uninternalised cost (like pollution, congestion, licence fees) etc into a Citizens Dividend. 4 Citizens can thus be charged a Head Tax for the services the state provides. Non-citizens pay no taxes, though of course they receive no dividend and still have to pay all compensatory charges and fees. 5 "land taxes" are based on rental values, not selling prices. Thus on any given property, its selling price would be based on 100% of its capital value only. The selling price of land having been reduced to zero if a 100% tax on its rental value applied.
4:30 lol 👋hi
Monopsony = single purchaser (eg of labor in a company town or school district)
11:00 Manifest destiny
16:00 for elites who don’t make money by work, it’s better that the income tax be raised on wage and salary workers than Land Tax
32:00 lease end and transition
36:00 existing built cities
37:00 lunar development cooperative
Excellent talk. I would guess land-based tax would promote a more horizontal scheme of development ?
Any society that collects and equally shares land values would want to maximise its aggregated value. That means getting the right balance of development. Vertical is more efficient, horizontal greater welfare.
markwadsworth.blogspot.com/2016/06/laffer-curve-of-planning.html
joe and me
1 Land value isn't "created" in the sense value for goods and services is created. Disneyworld may well have shifted demand for proximity to the attractions they supplied. That's doesn't confer a moral property right to the resultant scarcity value of land their attractions occupy.
markwadsworth.blogspot.com/2016/12/causation-is-not-creation_28.html
2 The state provides goods and services for which it has a right to charge its citizens for. But as per above, it has no right to claim land values for itself as a tax. This is where Henry George and many LVT advocates go wrong.
3 Land, by definition, is supplied free of human inputs. Therefore when it gains a monetary value, those excluded from that source of cost free income suffer a loss of opportunity. It should therefore be incumbent upon those wishing to exclude others from land to compensate them for that loss. As we are all equally excluded, we are all owed an equal share of lands rental value.
This compensatory payment is in principle, no different to the payment of wages or for goods/services received. The latter all being compensation for loss of opportunity.
This payment would be collected, along with other uninternalised cost (like pollution, congestion, licence fees) etc into a Citizens Dividend.
4 Citizens can thus be charged a Head Tax for the services the state provides. Non-citizens pay no taxes, though of course they receive no dividend and still have to pay all compensatory charges and fees.
5 "land taxes" are based on rental values, not selling prices. Thus on any given property, its selling price would be based on 100% of its capital value only. The selling price of land having been reduced to zero if a 100% tax on its rental value applied.