One way to prosperity is how Singapore did it. They figured out what to do with land value, with the money people pay for a location. That freed them up to choose smart taxes, not dumb ones. Could other places copy the Singapore way? Find out.
As leaseholders face huge rent increases, one rants: This is why we immigrated from the UK? Why go back to the feudal system? Indeed. But why pay banks? Why not pay community? Pay in Land Dues and get back Rent Shares. It’s fair and works.
The siblings along with a realtor UK Nanda staked claim over the property after land prices shot up in the area. Such temptation always prevails. Until we make clear that land value belongs to all members of society equally to share.
Connecticut cities struggle with vacant land, owned by speculators who need a nudge. The state was eager to adopt the tax. One of the biggest boosters was Hartford Councilman Larry Deutsch, a close friend of Philadelphia Councilman Wilson Goode Jr.
How bad can it get before government quits favoring old ways — no more subsidies for developers and manufacturers — and levels the playing field for new ways? Recover land value and pay citizens a dividend so everyone has enough security to work on their new ideas and contribute new solutions; let progress charge ahead!
Should he contribute to society? Or to government? Shall we take a lot because he’s got a lot? No matter how he got it? Or accept some fortunes happen in mass markets. And get over worshipping celebs so the prize money just won’t be there.
He wants his fellow rich to pay higher taxes, labor to pay lower, and to shift taxes to favor economic growth. Better to not funnel so much to so few in the first place. Get society’s surplus upstream, not downstream. Use taxes or dues to recover the spending on land, natural assets, and government-granted privileges like banking charters. Then share the redirected revenue.
The real state is real estate; land speculators rule the land. If you’re not getting an exemption for your land, then you’re paying more tax so speculators can pay less.
When politicians levy a tax, they really get to throw their weight around, so ideally they’d tax with care and not discourage people from trying to live the good life.
Flying a long way for hours beats enriching landlords — but how could it be sustainable for long? Why not collect and share London rents instead?
London Schl of Econ: To fund low-carbon infrastructure, even cities in financial straights could recover the value of land, not of buildings, to spur owners to erect quality structures.
Have government claim land? Or buy it? Or: just charge owners a tax or dues. If owners pay rent, then don’t make them pay taxes. And if they pay rent, they’ll not hoard land.
Economists base their policies on ideologies and tortured data. They recommend austerity – the equivalent of doctors bleeding patients. But is regulation the cure? This cry for controlling markets happens every business cycle. To get to the root, and remove temptation, better to take land value out of mortgages, so speculators have nothing to speculate on, and pay the raised revenue as dividends to citizens.
Slate got it half right. I mean, what’s wrong with exempting buildings? Everyone’s buildings? What should be taxed instead — or if not taxed, charge owners dues — is the land, the location. No one creates land and everyone makes locations valuable. Then share the revenue with all.
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