Tag Archives: land value
In my book the “unfettered no” is the holy grail, the yardstick for measuring whether we have achieved a truly free market. Hardly a day goes by that we don’t hear about or utter to ourselves the words “fair opportunity”—as in everyone deserves a fair shot at realizing the American dream. But fundamentally, for there to be economic freedom for all, one must always have a choice, in every transaction, including to participate or not in the competitive market at all……
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…..