Re: LVT: From the rich. To the rich?

On Sat, 30 Jun 2007 01:06:08 -0400, sinister in sci.econ
confessed to the world saying:

"Dan in Philly" <djr8@xxxxxxx> wrote in message
news:WLihi.59275$9X1.2961@xxxxxxxxxxxxxxxxxxxxxxxxx
<royls@xxxxxxxxx> wrote in message ...
On Thu, 28 Jun 2007 22:36:04 GMT, jmh <jmhall@xxxxxxxxxxxxxxxx> wrote:

One of the things that makes LVT perfect is that no matter what
combination of governments do the taxing and in what proportions, they
can't tax away more than 100% of the land rent in total, because
people will just abandon the land.


I guess we're assuming no Debtor's Prisons?

No, we're assuming what a properly constructed LVT would do in the case
where someone didn't pay: he loses title to the land.

No, you're assuming that the world actually looks like
the perfectly competitive markets of econ 101. Multiple
taxing authorities, or even a single taxing authority
could easily over tax LV without the rational decision
be for the user to abandon the location.

jm
.

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