First objective: Replace all state taxes with a single land value tax

First objective, Issues, Land value tax, Platform, Policy -

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.

Perfect inelastic supply

"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. 


6 comments

  • Santos

    I may have missed this detail but what stops property owners from increasing cost of living on their property?

    I.e. cost of living changes for Renters.

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