Re: Economic Rent As Sum of Externalities

jmh wrote:
On Fri, 08 Jun 2007 03:26:09 GMT, royls@xxxxxxxxx in sci.econ confessed to the world saying:


(...)

Today individuals are largely free from the bondage of
land.

??? Almost all personal debt bondage is entered into for purchases of
land. Hello?


Personal debt is not bondage. Moreover, once paid off that
person nolong needs to keep paying others. LVT requires
the ongoing payment without any expectation of freedom.

Without LVT you pay 30 to 40 years of rent to mortgage lenders and get back a few years of rent at the end, plus you pay 40 to 50 years of wage tax. With LVT you pay a lower fee for location rent all your adult life but no wage tax.

Which system gives more freedom to keep what you earn?

Mark M.
.

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