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The recurrent ~18-year cycle of land prices, speculation, and credit that culminates in a property-driven economic crash — used to forecast the 1990 and 2008 downturns.
All Taxes Come Out of Rent — the Georgist theorem stating that any tax on productive activity ultimately reduces wages and capital returns, leaving land rent as the only non-distortionary tax base.
The distribution of collected land and resource rent equally to all citizens as a cash dividend — proposed by Henry George and exemplified by the Alaska Permanent Fund.
A nonprofit that holds land in common and leases it to residents, capturing rising land value for the community — a Georgist principle applied at neighborhood scale.
The reduction in total economic welfare caused by a tax that distorts production or consumption decisions. Land value tax is unique in having zero deadweight loss because the supply of land is perfectly inelastic.
The extension of Georgist rent-capture to all natural resources and environmental externalities — taxing pollution, carbon, and resource extraction as forms of rent.
The surplus payment to a factor of production above what is needed to keep it in its current use. In land economics, rent accrues to landowners purely from locational advantage, not from their own effort.
A political philosophy combining libertarian individual rights with the Georgist principle that land rent belongs to the community — LVT as the one legitimate tax.
A political-economic philosophy holding that land values are socially created and should be captured publicly, while the fruits of individual labour and capital remain with those who earn them.
The rent attributable to the land (location) itself, as distinct from the buildings on it — the specific quantity a land value tax targets.
A self-assessed property tax under which owners name their own price and must sell at it — a modern extension of Georgist principles popularized by Radical Markets.
The result that, under optimal conditions, the aggregate land rent of a community exactly equals the optimal spending on public goods — so a land tax can fund them with no other tax.
The Georgist critique that private ownership of land, unlike ownership of produced goods, confers monopoly power over access to natural opportunity — power that can be exercised without any productive contribution.
The broad family of public-finance tools that recover, for public benefit, the land-value increases created by public investment and community growth.
A levy on the unimproved value of land, assessed independently of any buildings or improvements. Widely regarded by economists as the least distortionary tax.
The use of economic or political power to capture existing wealth rather than create new value — a concept rooted in the analysis of land rent.
The economic rent from natural resources — oil, minerals, spectrum, fisheries — which Georgist analysis treats like land rent: socially capturable without efficiency loss.
Henry George's proposal to replace all other taxes with a single tax on land values. The Single Tax movement was among the most significant political reform campaigns of the late 19th century.
Land or housing deliberately held empty in anticipation of capital gains rather than rented or developed — a behaviour a land value tax is designed to discourage.
A property tax that applies a higher rate to land than to buildings — a practical, incremental step toward land value taxation used by many Pennsylvania cities.
The process by which expected future taxes (or tax cuts) on land are reflected immediately in land prices — central to LVT incidence and transition effects.
The increase in land value attributable not to the owner's effort but to the growth of the surrounding community, public investment, and economic development. The theoretical justification for taxing land value.