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  1. Embed this notice
    mlinksva (mlinksva@mastodon.social)'s status on Saturday, 30-Nov-2024 06:11:37 JSTmlinksvamlinksva
    in reply to
    • Nemo_bis 🌈

    @nemobis made me search for Finland land value tax (my naive undersanding outcome should approximate state renting/being landlord for all land?) not expecting anything apart from random advocacy but apparently exists or did in some small form https://fig.net/resources/proceedings/fig_proceedings/fig2017/papers/ts06i/TS06I_peltola_8666.pdf though not in https://en.wikipedia.org/wiki/Land_value_tax#Implementation

    In conversationabout 6 months ago from mastodon.socialpermalink

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    2. Domain not in remote thumbnail source whitelist: upload.wikimedia.org
      Land value tax
      A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity, and encourages development without subsidies. LVT is associated with Henry George, whose ideology became known as Georgism. George argued that taxing the land value is the most logical source of public revenue because the supply of land is fixed and because public infrastructure improvements would be reflected in (and thus paid for by) increased land values. A low-rate land value tax is currently implemented throughout Denmark, Estonia, Lithuania, Russia, Singapore, and Taiwan...
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