LVT and the Severance Tax

In many conversations regarding Land Value Taxation, the concept of a
Severance Tax comes up.

I have a couple of questions regarding this Tax.

The Severance Tax is intended to claim "The Entire Future Rental Value"
of the Natural Resources extracted from rented land up front.

1- How is this amount supposed to be measured?

2- If it is possible to measure "The Entire Future Rental Value" of
extracted land, could not this measurement be used to justify the sale
of the lot itself for that amount as well? Thus allowing private
ownership of land?

3- If it is not possible to measure this value, and it must be
estimated and set politically, wouldn't this process be extremely
susceptible to corruption?

I am very interested in any answers to these questions.

Regards.

.

Relevant Pages

  • Re: LVT and the Severance Tax
    ... > In many conversations regarding Land Value Taxation, ... > The Severance Tax is intended to claim "The Entire Future Rental Value" ... > of the Natural Resources extracted from rented land up front. ... In the mineral extraction royalty system, extractors bid against each other for per ...
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  • Re: Why Tax? Why Not Just Print?
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