I think LVT does have a history in US, e.g Pittsburgh.
Also Georgism is 100% LVT -> A land tax alone has been the recommendation of many economists before and after George - From Smith, Riccardo, Mill to Friedman. Across classical, neoclassical, Keynesian, Austrian schools. If there's one thing economists can agree on, it's that land tax is better than income tax.
You can say that land tax might be better than income tax but it's hard to argue that both land tax and income tax is better than just income tax. This is the biggest reason why new tax modalities are considered unworkable.
Personally I’d rather Land tax revenue be distributed evenly as a citizens dividend, and separate from the taxes leveed to make the society which allows people to have income and wealth.
Those who use their fair share are no change, those using more see taxes go up, those using less see a rebate.
The more valuable Land a business uses the more they have to pay, encouraging more efficient utilisation. Their competitor using less Land has lower taxes and can thus out compete them.
Land of course isn’t just dirt, it’s any limited natural resource.
skew-aberration · · focus · HN ↗
Also Georgism is 100% LVT -> A land tax alone has been the recommendation of many economists before and after George - From Smith, Riccardo, Mill to Friedman. Across classical, neoclassical, Keynesian, Austrian schools. If there's one thing economists can agree on, it's that land tax is better than income tax.
mohamedkoubaa · · focus · HN ↗
hdgvhicv · · focus · HN ↗
Those who use their fair share are no change, those using more see taxes go up, those using less see a rebate.
The more valuable Land a business uses the more they have to pay, encouraging more efficient utilisation. Their competitor using less Land has lower taxes and can thus out compete them.
Land of course isn’t just dirt, it’s any limited natural resource.