Re: Property Rights: Land vs. A Sack Of Tomatoes

On Sun, 12 Jun 2005 08:16:51 -0400, "Dan in Philly" <djr8@xxxxxxx>
wrote:

><ruetheday@xxxxxxxxxx> wrote in message ...
>> >Land is "special" ...
>
>> It is uniquely suited to taxation because its perfectly inelastic
>> supply means that taxing it will not result in less of it being
>> produced.
>
>Inherited (pre-existing) wealth is perfectly inelastic.

No, it is not, and taxing it will definitely reduce its supply.

As I said, you are now just talking nonsense.

>>>None of which is 'special.' Anything you say about land can also be said
>>>about inherited (pre-existing) capital.
>
>> Land is not the product of human labor. Nope, can't say that about
>> inherited capital.
>
>But it's not the product of the owner's labor. That's why it's ok to tax it.

Flat wrong. If you tax land 100%, you will get lots of revenue, and
the supply of land will be unaffected. Tax inheritances 100%, and you
will get no revenue, because there will be no inheritances.

You continue to just spout nonsense.

>> Land does not depreciate. Nope, can't say that about inherited
>> capital.
>
>The depreciation of capital is included in its market price.

Thank you for agreeing that you were wrong.

>That's why it's ok to tax it.

Nope. That is a blatant non sequitur.

-- Roy L
.

Relevant Pages

  • Re: LVT: From the rich. To the rich?
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    (sci.econ)
  • Re: LVT: From the rich. To the rich?
    ... combination of governments do the taxing and in what proportions, ... can't tax away more than 100% of the land rent in total, ... people will just abandon the land. ... taxing authorities, or even a single taxing authority ...
    (sci.econ)
  • Re: LVT: From the rich. To the rich?
    ... combination of governments do the taxing and in what proportions, ... can't tax away more than 100% of the land rent in total, ... people will just abandon the land. ... taxing authorities, or even a single taxing authority ...
    (sci.econ)
  • Re: Property Rights: Land vs. A Sack Of Tomatoes
    ... Impose a 100% tax on inheritances and people will leave ... That's why it's ok to tax it. ... That depreciation is factored into the market price of capital is both ... The same cannot be said for land. ...
    (sci.econ)
  • Re: Land tax -- denying the market matters (Re: better tax code: no income tax, head tax (&#
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