Re: Re: Re: An Upcoming Tax Reform Program
by Macrocompassion
Not every kind of tax is going to put a brake on prosperity in the way that production based ones do. By taxing natural resources, particularly land values, the effect of lost opportunities from land that is withheld from use (often for purposes of speculation) would be pressed back into use. The direct effect of this would be a reduction in land prices, rents and production costs. This would then encourage production rather than retard it when the other kinds of taxation are applied. No wonder that one of the names for Land-Value Taxation is Incentive Taxation.
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