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

royls_at_telus.net
Date: 12/31/04 

Date: Fri, 31 Dec 2004 08:25:57 GMT

On Thu, 30 Dec 2004 07:06:18 GMT, Igor <jjweatherby@houston.rr.com>
wrote:

>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.

Unlikely. Chevron is getting a lot of economic rent from the oil
resources they own, as well as the land.

>It would likely be less than current profit taxes and
>state and local property taxes.

Your basis for this statement being...?

>SLGs tax your capital improvements as
>well as the value of the unimproved land. Some companies like Exxon
>would probably end up paying less.

Again, unlikely.

>I think the real problem is the locked in system of labor taxes.

That _is_ a real problem. And LVt is the solution.

>I do
>not think Americans would see this as fair even if it was.

Not as long as the landowners also own the media, that is....

>Opponents
>would harp on how it would raise "rent", as in rent paid for housing,
>and taxes for the common people.

Right. We already know LVT opponents will tell whatever lies they
think will be useful, as they have no other arguments to use.

>Secondly once a tax is there it is hard
>to repeal. Scare tactics would abound.

?? ROTFL!! As they say in Japan, "It's mirror time!"

>People just do not like this big
>of sweeping change such as eliminating all income taxes and going with
>an LVT.

"It won't work, because."

>No politician is going to propose and LVT in addition to current
>taxes.

But they'll propose lots of plain _bad_ taxes, like import duties.

>There is no big conspiracy.

Yes, actually, there is, or something near enough to it as makes no
difference. I have seen it in the faces of politicians, journalists
and academics I have spoken with about this issue: they know I know,
but they don't want me to know they know.

>We do not have the European landed
>aristrocacy here in the US.

Check out the Duke of Westminster's holdings in NYC.

>Things have changed quite a bit since George.

But not the spuriousness of the "arguments" against LVT.

>A corporation seeing other taxes drop, such as the portion of
>social security, they pay as land taxes rose would see the benefits.

The productive ones would benefit. But I don't think anyone knows
just what fraction of any given large corporation's profits represents
productivity, and what fraction consists of rents.

-- Roy L

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: Land, Labour and Capital Taxation....
    ... If the LVT was implemented right people like Chevron ... state and local property taxes. ... of sweeping change such as eliminating all income taxes and going with ...
    (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)