Land value tax - Revision history

RobSmith: many land owners have little cash income.

2019-05-09T04:24:50Z

many land owners have little cash income.

RobSmith at 04:22, May 9, 2019

2019-05-09T04:22:43Z

RobSmith at 04:20, May 9, 2019

2019-05-09T04:20:52Z

RobSmith at 04:20, May 9, 2019

2019-05-09T04:20:24Z

RobSmith at 04:11, May 9, 2019

2019-05-09T04:11:55Z

RobSmith at 04:08, May 9, 2019

2019-05-09T04:08:59Z

Progressingamerica: Henry George sign

2019-05-09T02:04:21Z

Henry George sign

DavidB4-bot: /* References */clean up & uniformity

2016-07-13T15:09:42Z

References: clean up & uniformity

Progressingamerica: Internal link

2015-07-01T22:40:35Z

Internal link

RJJensen at 03:01, January 14, 2009

2009-01-14T03:01:35Z

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 [[File:Henry George billboard.jpg|right|250px|thumb|Georgists came to believe wealth redistribution was acceptable under the fallacy that "nobody would be hurt" and "it was not earned by a person anyways".]]
-A '''land value tax''' is a levy on the market value of land, exclusive of any buildings or other improvements.  The tax is said to be a progressive tax, as the burden falls mainly upon citizens with higher wealth or income.
+A '''land value tax''' is a levy on the market value of land, exclusive of any buildings or other improvements.  The tax is said to be a progressive tax, as the burden falls mainly upon citizens with land holdings.
 Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise. Under this theory, land beneath glaciers in [[Antartica]] has the same value as Mid-town [[Manhattan]] [[real estate]].

@@ Line 2: / Line 2: @@
 A '''land value tax''' is a levy on the market value of land, exclusive of any buildings or other improvements.  The tax is said to be a progressive tax, as the burden falls mainly upon citizens with higher wealth or income.
-Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.
+Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise. Under this theory, land beneath glaciers in [[Antartica]] has the same value as Mid-town [[Manhattan]] [[real estate]].
 The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  [[Progressive]]s today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive. Conversely, taxing land below [[fair market value]] cheats the government out of revenue.

@@ Line 4: / Line 4: @@
 Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.
-The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  [[Progressive]]s today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive. Conversely, taxing land below fair market value cheats the government out of revenue.
+The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  [[Progressive]]s today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive. Conversely, taxing land below [[fair market value]] cheats the government out of revenue.
 ==References==

← Older revision		Revision as of 04:20, May 9, 2019
Line 9:		Line 9:
	*''[[Progress and Poverty]]'' by [[Henry George]] (1879)		*''[[Progress and Poverty]]'' by [[Henry George]] (1879)
	[[Category:Taxation]]		[[Category:Taxation]]
		+	[[Category:Marxist Terminology]]

@@ Line 4: / Line 4: @@
 Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.
-The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  [[Progressive]]s today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive.
+The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  [[Progressive]]s today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive. Conversely, taxing land below fair market value cheats the government out of revenue.
 ==References==
 *''[[Progress and Poverty]]'' by [[Henry George]] (1879)
 [[Category:Taxation]]

← Older revision		Revision as of 02:04, May 9, 2019
Line 1:		Line 1:
−	A '''land value tax''' is a levy on the market value of land, exclusive of any buildings or other improvements.	+	[[File:Henry George billboard.jpg\|right\|250px\|thumb\|Georgists came to believe wealth redistribution was acceptable under the fallacy that "nobody would be hurt" and "it was not earned by a person anyways".]]
		+	A '''land value tax''' is a levy on the market value of land, exclusive of any buildings or other improvements. The tax is said to be a progressive tax, as the burden falls mainly upon citizens with higher wealth or income.

	Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce. Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]]. Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.		Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce. Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]]. Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.

@@ Line 3: / Line 3: @@
 Unlike [[tax]]es on labor, enterprise profits, and produced goods, a tax on land rent or land value has no [[deadweight loss]], as it does not reduce the incentives to produce.  Land has a fixed supply, so taxing it does not shrink the amount of land, nor does land flee or hide as does [[income]].  Since land receives much of its value from nearby public works and services, a land value tax returns value received, avoiding the implicit subsidy of rent and land value if these are paid for by taxing labor or enterprise.
-The [[American]] [[economist]] Henry George analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  Many economists today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive.
+The [[American]] [[economist]] [[Henry George]] analyzed and promoted land value taxation during the later 1800s, and so land value taxation is referred to as a Georgist policy.  Many economists today consider a land value as both efficient and equitable, and a shift of taxes from labor, sales, and profits to land value would make the economy more productive.
 ==References==
-*[http://www.progressandpoverty.org/pcontents.htm ''Progress and Poverty''] by Henry George (1879)
+*''[[Progress and Poverty]]'' by [[Henry George]] (1879)
 [[category:Taxation]]