Re: Murray Rothbard on Georgist fallacies

<royls@xxxxxxxxx> wrote in message ...

Roy, what we have here is a failure to communicate.
So here'a an example:
I buy an empty lot in NY city for $1 million. It's in a lousy neighborhood.
I try to rent it out on an annual basis. First year, nobody wants it so rent
is $0. Same thing the following year, and the next year, etc. But after
about ten years, the new mayor is a real law-and-order hardass, he clears
out the crack houses, so now everyone want to rent my piece of land. Annual
rent is now $100,000 per year.

Please explain the taxes I pay throughout this.

Dan in Philly


.

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