Re: 'Waterhole' and land rents

On Sat, 20 Jan 2007 02:13:22 GMT, Dan in Philly in sci.econ
confessed to the world saying:
""Peter Bjrn Perls"" wrote in message ...

Taxes affect incentives. Higher tax usually means less incentive to make
a transaction, but not that the incentive is eliminated.

The original idea was to compare intelligence with land, and taxing them.
With land, you can tax it up to 100% (assuming people can't disguise 10
acres to look like 9 acres) without affecting real output. Now consider a

That's the LTV claim, based on it being a pure transfer or an
economic rent but I think that's also ignoring the wealth effect
so is that a true claim?

jmh
.

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