Re: LVT and the Severance Tax

On 6 May 2005 09:33:26 -0700, "Quirk" <quirk@xxxxxxxxxx> wrote:

>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.

No, it isn't. It recovers the _current_ value of a depleted resource.

>1- How is this amount supposed to be measured?

Market value.

>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?

Nope. Totally wrong premise. There is no future rental value of a
depleted resource.

-- Roy L
.

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