Search results

That part is true; however it is even more the case now than say, fifty years ago. That part is not. The Gini coefficient of land ownership, which measures its distribution (1 = one person own all, 0 = everyone has the same) has increased over time rather than decreased. As a proportion of...

Of course their applicable. Economic principles are universal. If you increase tax something you increase the disincentive to supply it. If you reduce tax on an item, you increase the incentive to supply. It doesn't matter if one is in Australia or Zanzibar in the 9th century, the same applies...

As empirical examples, I can cites Steven Bourassa's (Professor of Economics, Memphis State University) study which was published as: "Land Value Taxation and Housing Development, Effects of the Property Tax Reform in Three Types of Cities, from the American Journal of Economics and Sociology...

Unimproved land value is not just when it is vacant, but the vacant ("unimproved") value. The cost cannot be passed on in a market economy because neither the supply nor demand of the good has changed. In produced goods and services, because the cost of production has changed then supply falls...

Indeed! You should call, how long has it been etc (now I sound like a Jewish grandmother) There are three ways the relative scarcity can be changed. a) A decline in population, as you suggest, reducing demand. b) The Commonwealth and State governments releasing more land, increasing...

As mentioned numerous times in this thread, you cannot pass on a land tax to the renter; it's already incorporated in the rental value. If you try to increase the rent of a property due to an increase in land tax and a neighbouring landlord with a vacancy does not, what do you think will happen...

That is exactly the case for renters; the site-rental value of land will always be independent of the owner. The question is whether this is accumulated privately (which leads to higher land prices) or publically (which reduces land price). After all, they don't call it "real estate" for...

Seeming that the first paragraphs of the first post started with such "philosophy" (indeed, the discussion is very much about practical implications), I hardly see the difference except perhaps, in presentation of an alternative opinion to original post. If you're bored by the discussion perhaps...

Increase on the unimproved value of land with a contingent reduction in all other taxes on useful labour and capital and especially those related to housing first. As mentioned in the first post I made, there is some justification for taxes on cigarettes, alcohol etc however (i.e., incorporating...

I must ask you why you are posting your messages twice in this thread and why you don't use the quote button to automatically generate inline quoting? The sheer number of people who own an investment property tells us very little about the distribution of investment properties as a very...

I have read some of Ayn Rand as well. She never actually presented arguments for the common good, indeed she claimed that altruism was intrinsically evil. Nevertheless she did make some headway in distinguishing between land and capital and, as Dan Sullivan's essay points out, she almost...

1. If the govt increases land tax to enhance aggregate wealth and productivity then it shouldn't be a problem then. After all, they're just doing their job. 2. Do you want your aggregate tax to fall or not? 3. No, raw land doesn't need these things. As products of labour they constitute...

Is there the largest asset the land or the property? Rents do not rise, as has already been explained and proven empirically (see the Law on Rent for a basic introduction). You are perhaps conflating land and buildings into a single package? It is important to differentiate them. Investment in...

Evidently you're unaware of win-win in economics. ;) Actually you do have these bills. You pay them indirectly everytime you purchase goods and services. Every time you finance a building, every time you purchase a coffee. Do you pay heed to a chap called Pythagoras? He was doing...

Not working? Everyone in the list I provided was working, afiak. Just because someone has reached the heights of being an Professor Emeritus doesn't mean they stop working! (It means they have retired as a Professor in good standing, but they continue to teach, engage in research and...

Yes, quite thoroughly. On the material I have provided it should be abundantly clear that any increase of tax on land must be contingent on reduction in taxes on labour and capital. If one builds on vacant or near-vacant land then one's overall tax bill will be reduced. This is...

One should distinguish strongly between investment in land and investment in buildings. The former does not create a single job, or any wealth whatsoever; it does however involve a wealth transfer from those who engage in productive investment, which does create jobs and provide goods and...

The reason why they are listed is because they are all recipients of the Noble Prize in Economics. It tends to be awarded after a long career :-) Here's some others... Mason Gaffney, Professor of Economics, University of California. Lowell Harris, Professor Emeritus of Economics...

Yeah Robin Hood.. Not a bad character, quite a good analogy really. But how about addressing the actual substance instead? Is it better to derive public finances from productive capital investments, from labour or from resources used? Do you think that a local council's rates should be...

A different point of view From some perspectives land tax is the best and should be the only (or nearly only, "sin taxes" included perhaps) tax as it encourages more investment in productive capital (e.g., housing) or productive labour (e.g., services etc) rather than unproductive activity...