First objective: Replace all state taxes with a single land value tax
No more property tax, sales tax, gas tax... You have a right to keep 100% of the wealth produced by your labor.
To achieve our goal of eliminating poverty--The first objective of our campaign is to abolish the current regressive tax scheme, through a measured transitioned, to a single land value tax (LVT).
A land value tax is not a new idea. Henry George introduced it more than 100-years ago...
The concept is simple; a title-owner is taxed "rent" based on the value of the unimproved land. All improvements and labor that go into making the land productive are theirs to keep.
"A supply and demand diagram showing the effects of land value taxation. As the supply of land is fixed, the burden of the tax falls entirely on the land owner. There is no change in the rental price and quantity transacted, and no deadweight loss." ~Wikipedia, 2008
Question: Is a land value tax good for the environment? Yes, it discourages pre-mature development of land. It slows down urban-sprawl by encouraging landowners to produce more on what they have and own less.
Question: Is a land value tax good for farmers? Yes, it eliminates property tax, which means the labor to make expensive improvements to maintain and operate a farm are theirs to keep. The tax burden shifts from lower value farm land to higher value urban centers.
Jared
Santos,
A LVT cannot be passed on to tenants. Here is a detailed article on the how and why: https://astralcodexten.substack.com/p/does-georgism-work-part-2-can-landlords?utm_medium=email&utm_campaign=cta
Jared
Santos,
To answer your question what keeps property owners from increasing the cost of living on their property? The same market forces that do now: supply, demand, competition.
nzbuowtflr
Muchas gracias. ?Como puedo iniciar sesion?
Jared
The current global information systems combined with the our excellent system for title management is how we currently determine the value of land. The difference being, land owners are not currently taxed at 100% of the value of the unimproved land.
What prevents property owners from increasing the cost to renters is supply and demand. With a land value tax it creates an easier pathway for land ownership than our current system.
J. Ko
This needs to go a bit more into details on implementation. The same acre of land cost vastly different in, say Gold Bar, as opposed to Seattle or Bellevue. How would you tax those lands differently? And how would different types of properties (say residential (single-family vs. multiple family) vs. factory vs. hospitals vs. office buildings)?