This is A Facebook User's Typepad Profile.
Join Typepad and start following A Facebook User's activity
Join Now!
Already a member? Sign In
A Facebook User
Recent Activity
Above, you mention the proposals by Henry George to raise all public revenue from a tax on "increases in the value of land." That particular argument was made by John Stuart Mill rather than Henry George. George argued that rent (i.e., the annual potential rental value of land in all its forms, not simply surface values) rightfully belongs to the community -- that rent is, in effect, a common fund, up to that point allowed under law to be privatized. This privatization of rent forced government to look to other assets and other activities in order to raise the revenue for public goods and services. Economic theory is clear that a 100% tax on rent would virtually eliminate a selling price for locations because there would be no imputed or actual income stream to be capitalized by market forces into a selling price.
1 reply
A Facebook User is now following The Typepad Team
Jan 30, 2012