Libertarian Party of Orange County: Use a Smart Tax
|January 30, 2014||Posted by Staff under Good Press|
Why The Land of Opportunity is in Danger and What We Can Do About It
This 2014 excerpt of the Libertarian Party of Orange County (California), Jan 29, is by Ryan Hinds.
The only tax that does not have negative economic consequences is the land value tax, as land cannot disappear when taxed. This free lunch of sorts will also lower real estate prices, reducing the money required to start a business. In order to truly have equal opportunity, we must all have equal access to land and natural resources; land value taxes push us towards that goal.
The Small Business Administration (SBA) has estimated that small businesses face a regulatory burden 36% higher than larger firms. State and local governments make it even worse. For example, it took a businessman in Ventura County, CA seven permits just to remove a wooden deck at his campsite, as requested by a county official! Needless to say, he closed up shop. In Florida, Louisiana, Nevada, and Washington DC, interior designers must be licensed.
Economic inequality is one of the most pressing issues of our time. Though my libertarian views are pretty apparent in this article, I have spoken to self-described socialists who support many of the same reforms that I do. Opening the lines of communication is only the first step, but will go a long way towards bringing economic opportunity back to America.
Ed. Notes: A libertarian could go even further and note that taxes are not needed to recover the socially-generated value of land and resources and ecosystem. Instead, government could use fees, dues, leases, and even fines for violators of standards. The big difference between taxes and dues is that taxes come from above and not paying them is a crime while dues come from community consensus and not paying them means no longer being a member of the community with all the benefits that entails, such as voting, proving title, getting a share of surplus site value (as in Singapore), etc. Most people would choose to pay their fair dues, altho’ it may take a while for society to evolve to that point; meanwhile, taxes would have to be relied upon.