Re: From the rich. To the rich?

<royls@xxxxxxxxx> wrote in message =..

Simple concept really: the people who create value should be justly
compensated.

And it's a very good concept. I'm just not clear on how you think it
is related to your proposal to give landowners value that they do not
create.

I don't want to give _landowners_ value that they don't create. I want to
give _capital-owners_ value that they _do_ create.

Consider a typical city. If there were no buildings or factories, then all
you have is farmland in the middle of nowhere. Average land value, about 1
k$ per acre. But in a city with lots of capital, typical land value is maybe
500 k$ per acre. That extra 499 k$ is due to the presence of productive
enterprises nearby.
When the LVT takes away the 500 k$, I want to return it to the people who
created it, the nearby capital owners.

Dan in Philly


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