Tag Archives: land
To become rich, one does not need to be smart, or tough, or caring. One needn’t be honest, principled, or spiritual. Being cultured, humble, or impatient are not requirements either. You can be all of these things, none of these things or some of these things, and become rich. Becoming rich doesn’t even require having a good idea; as one can be born into money, born with fine athleticism, or be taken by the hand of an a rich person…..
There is an economically neutral tax. There is a tax that doesn’t have the effect of making you poorer than you should be or richer than you should be; but only one. My previous blog entry discussed one way in which taxing capital distorts the degree of our being poor or rich. It’s why taxing capital is a big mistake. However, the one tax that is economically neutral is a tax on the value of land. It is not a…..