Re: Land, Labour and Capital Taxation....

From: Igor (jjweatherby_at_houston.rr.com)
Date: 12/30/04 

Date: Thu, 30 Dec 2004 07:06:18 GMT

imouttahere@mac.com wrote:

> I can see why the fat cats and their paid-for politicians treat the LVT
> like the plague. Schwarzenegger's backers like Chevron aren't going to
> be pushing for it, that's for sure.
>

Quite the contrary. If the LVT was implemented right people like Chevron
would push for it. It would likely be less than current profit taxes and
state and local property taxes. SLGs tax your capital improvements as
well as the value of the unimproved land. Some companies like Exxon
would probably end up paying less.

I think the real problem is the locked in system of labor taxes. I do
not think Americans would see this as fair even if it was. Opponents
would harp on how it would raise "rent", as in rent paid for housing,
and taxes for the common people. Secondly once a tax is there it is hard
to repeal. Scare tactics would abound. People just do not like this big
of sweeping change such as eliminating all income taxes and going with
an LVT. No politician is going to propose and LVT in addition to current
taxes. There is no big conspiracy. We do not have the European landed
aristrocacy here in the US. Things have changed quite a bit since
George. A corporation seeing other taxes drop, such as the portion of
social security, they pay as land taxes rose would see the benefits.

Relevant Pages

  • Re: Relative poverty, a problem?
    ... the idea of REMOVING ALL THE OTHER TAXES and replacing them with LVT alone. ... traders because it is a tax on income. ...
    (sci.econ)
  • Re: Income from a tax on land.
    ... Currently real estate taxes are fairly ... goes along with the rise of land tax rates. ... >> form an LVT. ... > I think even in a fully Georgist system primary residence tax rates ...
    (sci.econ)
  • Re: Relative poverty, a problem?
    ... the idea of REMOVING ALL THE OTHER TAXES and replacing them with LVT alone. ... I remember quite well your opposition to tax the income of the Wall Street ... the LVT is used as a nonexclusive taxation used to reduce income ...
    (sci.econ)
  • Re: Hong Kong and land rent: weblog exchange
    ... > taxes other than LVT? ... and alcohol where the tax recovers some of the social cost of the item ... Regarding the size of the government - I believe that the LVT will ...
    (sci.econ)
  • Re: Single Tax?
    ... >> whether LVT ... >>>which will have tremendous impact on rent. ... >>>shortfalls should be made up from poll taxes, ... > The nation is corrupted by the influence of the rich. ...
    (sci.econ)