--- In [email protected], "terry12622000" <[EMAIL PROTECTED]> wrote: > > Basically many land value single tax theorist say that all taxes on > labor and capital should end and replaced with a single tax on the > unimproved value of land. Henry George wrote down much of the theory > in the late 19 century in his book Progress and Poverty, he suggested > collecting per year the great majority of the economics rental value > of land, he suggested the owner could keep 10% of the unimproved > value for managing it. Often the rental value is based on the average > interest rate times the unimproved value. Say your home is valued at > 230,000 dollars which is about the median in the US, say the > unimproved land value is 25% of that, then the unimproved value would > be 57,500 dollars, if the assement value for tax purposes is 90% of > that, then it would be 51,750 dollars, if the average interest rate > is 7% your single and only tax would be 3,622 dollars and 50 cents no matter if > your income was 5,000 a year or 5 million a year, no sales tax, no > social security tax, no income tax, no beer tax, no whisky tax, no > gas tax, no licence plate fees, no custom duties above inspection > costs at least, no cigarette tax, no tax on your home, fence, > swimming pool, driveway pavment, store building, equipment and > supplies or factory buildings, equipment or product, only a tax on > the value of land that the owner did not improve. Not a bad deal for > the vast majority of people and businesses. Some land tax theorist > suggest offering a lien to people or businesess than can not afford > to pay the tax, the lien could be collect upon sale or tranfered to > an heir upon an owners death. That would be be much better than what > most local governments offer these days, if they offer a lien at all > it appears it is usually only for seniors or > veterns. > > > Many land tax theorist base their ethical stand on Lockes > leaving as good and enough when taking land out of the commons. > Personally I agree that if someone encloses land that is being > commonly used he owes compensation to the other users if he did not > leave as good and enough but I do not think this prniciple of > compensation should apply to outsiders or those who had not being > using the land plus I think if a person finds land not used or > claimed and puts it to use he does not owe anyone > compensation. > One of the main problems of how the land value tax > fiqure value is not taking to account that often if not most of the > time most of the land value is created by labor and capital, natural > value is usually a small percentage of the value. True the owner of > the apprased plot did not create this " unimproved value" but others > did. Really the land value tax theorist usually do take into account > the improvement by others but they tend to assume it was created by > government or the community, yet a minority of land owners in an area > can create most of the land value in the area, possibly in some cases > only 1 landowner. For example say a private hospital or a private > shopping mall builds on a small portion of the land area in a given > area and the land value more than doubles in the area. Was that value > mostly created by nature, by roads, water systems, bridges etc? No > those things were there before. Was the value mostly created by the > total community or all of the land owners? No it was created by 1 > land owner. Does the land tax theorist think all the surrounding > land owners should pay rent to the hospital or shopping mall? I doubt > it, so why should a landowner pay rent to a community or the > government? >
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