Seems to me that if we taxed ourselves differently .. taxing that which we, as individuals do not create -- the land value -- and untaxing that which we create individually -- the house itelf (and, for that matter, our wages), we'd be better off.
That land would not be sitting vacant right now. A land speculator would not be asking a high price for value he had nothing to do with creating.
One more family would have a home.
One vacant lot would have disappeared. (Probably many.)
And value we all create would be used to finance the services that make the neighborhood a good place to live. That revenue would be recycled locally, over and over and over, instead of accruing into private pockets.
Take a look at http://www.henrygeorge.org/cgnyc/index.html
Seems to me that if we taxed ourselves differently .. taxing that which we, as individuals do not create -- the land value -- and untaxing that which we create individually -- the house itelf (and, for that matter, our wages), we'd be better off.
That land would not be sitting vacant right now. A land speculator would not be asking a high price for value he had nothing to do with creating.
One more family would have a home.
One vacant lot would have disappeared. (Probably many.)
And value we all create would be used to finance the services that make the neighborhood a good place to live. That revenue would be recycled locally, over and over and over, instead of accruing into private pockets.
Take a look at http://www.henrygeorge.org/cgnyc/index.html
Posted by: LVTfan at November 23, 2008 6:59 PM in response to What Price Vacant Land?