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A central point of Georgism is that income tax and sales tax are wrong, because they are unjust and they discourage work and commerce.They are to be replaced by a tax on land values.
1. We issue Key Vote Alerts to all Congressional offices so that Senators and Representatives know exactly how they should vote on proposed legislation.2. We publish yearly Congressional Scorecards so that constituents know whether or not their legislators are voting in favor of tax cuts, reduced spending, and pro-growth policy.3. We run hard-hitting independent issue ads on television and radio that expose to constituents the truth about where politicians stand on harmful bills that could raise taxes, increase regulations, and expand the role of the government. NO politician wants to be the feature of one of our ads.
A video recently posted by @richwicks called "All wars are banker's wars" claims that the 16th Amendment creating the federal income tax was never actually approved by the requisite number of states.Seems easy to prove one way or another.
As Pinto points out, the cost of actual construction, comprising building materials, labor, and financing, is higher in California than other states. But the biggest difference by far is the gulf in land prices. He cites the case of Santa Clara County. “The average price of a newly built home there is $2.1 million, and the average size is 3,200 square feet. The construction cost is probably $1 million, so the land value is over half the total at $1.1 million.” How about existing homes? They average a meager 1,700 square feet, and go for a norm of $1.3 million. “The fully depreciated value of the house itself might be $200,000,” says Pinto. “As in the case of the new house, the land’s worth $1.1 million.” But for the old-time residence, the land value is multiple that of four walls of aluminum siding and Sheetrock.
What's an ADU?
a lot of land will be unlocked for development and NIMBYism would become very expensive to maintain
What's an ADU?I think you should spell it out, because perhaps the majority of people won't know what it is, even on this site.
When you work for an hour, you increase society’s wealth (and your own) by an hour’s worth of wages. When you save a dollar rather than spending it, you increase society’s (and your own) wealth by a dollar. But when you buy a piece of land for $10,000 and sell it for $20,000, you haven’t increased the total wealth of society by a nickel. Yet the price of land keeps going up, up, up, as the population increases and society grows richer. Where does that money come from? It comes from the pockets of the other two factors of production, labor and capital. ...Henry George believed that the landlord’s share of wealth that all of us have helped to accumulate is inherently illegitimate and should be confiscated. He wouldn’t send in the National Guard to seize people’s property. He would instead confiscate the value of unimproved land—that is, land that had not been improved by, say, building on it—by taxing its annual value at a rate of 100 percent.“But,” you’re thinking, “that would make the property itself worthless.” (“That’s not what I’m thinking,” says Arianna, mysteriously.) Well, you’re right. Making the property worthless is the whole idea. Society gets the value of the property. Taxes on the other factors of production—labor and capital—can be reduced, or even eliminated. This is why people who are dedicated to promoting George’s ideas are known as “single-taxers.”The landlord will have little choice but to put the property to its “highest and best use.” ...But George got the main things right. Free markets are best (provided they are really free). A lot of markets that masquerade as free really aren’t. And we often tax the wrong things—ignoring wealth that accomplishes nothing while taxing labor and capital that are actually productive.
When you save a dollar rather than spending it, you increase society’s (and your own) wealth by a dollar.
Quick question, who would want to own land under this tax regime?????The quick answer is nobody.Sounds like something the WEF would promote...you will own nothing and be happy.
Again... who would own the land???It would make zero sense for individuals to own the land as they would be paying taxes for nothing.
So... individuals would not own the land. but instead rent and/or lease it from an altruistic, benevolent entity such as the State, an LGBTQP- NGO, and/or a WEF front organization.
Ppl don't own land today either. Not allodially as you seem to describing it.
People would not take title to land where the taxes could shoot up greatly.Example" Let's say some schmuck under this proposed Georgianism tax scheme bought a piece of property for $ 1 million when the interest rate was 5%. Let's say interest rates went down to roughly 2%. That would increase the value of the property by about $1 million so resulting in the tax of about $1 million. The schmuck would loose everything he ever owned due to this crap tax system.This system would lead to ownership by the benevolent State, under the best of circumstances. People would own nothing.
What’s the value of the land? Is it $80K because the house cost $100K to build? Is it still $100K because I had 30 cats and my house smells like pee and that was the reason for the depreciation?« First « Previous Comments
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