The Boston Globe: Don’t Tax Buildings, Recover Land Value
|February 7, 2014||Posted by Staff under Good Press|
This 2014 excerpt of the Boston Globe, Feb 6, is by Edward L. Glaeser, Columnist.
In 1879, during an earlier age of inequality, the reformer Henry George proposed a radical solution — “to abolish all taxes — except on land values.” By following George’s lead and calling for a tax on vacant land, New York Mayor Bill de Blasio has revived interest in the idea among progressives nationwide. Taxing land more and buildings less would encourage the construction that many cities — including Boston — need to become more affordable and more inclusive.
Ed. Notes: What’s good for the city is also good for the country. The city gets more quality development, the country gets less latifundia. Still, all that goodness is made much better by using the recovered natural rents to fund a dividend so residents at the margin can always afford their land dues.