Land Value Taxation does not tax the land you occupy. Community created economic growth soaks into the land and crystalizes as land values - that is where land values come from. This is economics, not an opinion. Land Value Tax merely reclaims that growth and puts it back into the cycle to fund the infrastructure that aided the creation in the first place. Currently the cycle is cut and a giant sluice is inserted taking away that wealth in the form of windfalls in the land market - socially created wealth is privatized. It needs to be 180 degrees the other the way around. LVT reclaims community created wealth to pay for community services.
Many Geoists observe two prime negative and destructive points of current taxation in modern states:
The Geoists rightly argue the opposite should be the case in that a Single Tax using only Land Value Tax will:
- Privately created wealth is socialized - via Income Tax, sales tax, etc.
- Socially created wealth is privatized - community created land values are extracted by individuals and organizations.
Geoists view the Single Tax (no Income Tax, tax on buildings, sales tax, etc) as only using socially created wealth to fund social and state services, with an individual retaining 100% the fruits of their labor. This appeals to many across the political spectrum.
- Socialize socially created wealth - socially created land values are reclaimed and used for community revenues.
- Privatize privately created wealth - no Income Tax, etc, is levied, hence people keep the fruits of their labor.
All this has be proven in use around the world, even in the USA. I never made all this up.