Roy is 100% correct. We pay twice for many things as this clearly shows.
No, we pay MANY more times than twice. From compulsory, confiscatory revenue streams that should never have existed even ONCE. If the tax isn't 100% voluntary, it is 100% theft.
The Single Tax with LVT as its core does exactly that. That is what Roy L is advocating.
The "Single Tax" with LVT is a way of socializing EVERYTHING - including wages. It's easy in such a regime to milk wages - you can do it with zoning laws alone. Increase the artificial scarcity of available land, and watch the property values increase, and the wages as they get coughed up.
Even if the decision was made to do away with other taxes, it's only a tax shift to the ONE TAX over which you have ZERO CONTROL. If income goes done, so does your income tax. That's not an argument for income taxes, which should never have existed - only showing its superiority over LVT. If spending goes down, so do your sales taxes. But the ad valorem tax is different. It's not based on you, and does not give a rat fuck about your condition or your ability to pay. You are NEVER SECURE. You are on a taxation treadmill over which you have no control FOREVER.
Of course, if you're Roy L., you'll see total individual control - because you can move to shittier land - if'n it's available. You can apply your "LVT EXEMPTION" too - if'n there is one, and it's worth anything at all.
Ah, but once land is socialized, what happens then? Economic Development Zones, naturally. LVT abatements for the well-healed and well connected - subsidies, corporate welfare (to attract business to the community, natch). Until half the population isn't paying the tax anyway (like what they're fighting now in North Dakota), and it's all heaped onto the backs of those who NEVER get abatements or special favors - but still have to cough up their WAGES to pay RENT on SOCIALIZED LAND.
"But the people of India are untouched.
Their politics are confined to bread and salt.
Illiterate they may be, but they're not blind.
They see no reason to give their loyalty to
rich and powerful men who simply want to take
over the role of the [LANDLORDS] in the name of 'freedom.'"
- Gandhi 1982
Just substituted "Landlords" for "British". It works.
Friggin socialist scammers, breathing other people's perfectly good air. Air we all would otherwise be at liberty to breathe if they did not exist.
Thanks.It is even worse. With LVT we only pay once.
The "Single Tax" with LVT is a way of socializing EVERYTHING - including wages.
That is strange. Wages are the result of CAPITAL. LVT reclaims the wealth that soaked into the LAND. LAND & CAPITAL are two separate factors of production.
Reagan & Thatcher rigged wages (CAPITAL) and hence the free-market. Why we are in the situation we are in now, as the create demand as wages were suppressed they liberalized credit and and Tom, Dick or Harry could get into heavy debt. The debt was poured into tax free LAND. This animation shows it....
Here is an assessment of what caused the Credit Crunch. David Harvey is at NY uni. He happens to be a Marxist, but do not not allow that to cloud your viewing. He is just stating facts of how the crises came about. He said at the end he doesn't have a solution, so no Marxist theories are being put forward. BTW, most of Marx writing were about the failures of Capitalism, which were pretty spot on. Marx conclusion on how to solve the problem was off-mark. He locked horns with henry George over the Single Tax on grappling with a solution.
One thing stands out. The free-market was rigged by Reagan and Thatcher, in LABOR, who also off-shored manufacturing to China. Then to spark the economy, because labor costs were driven down, they dreamt up credit for all. Then kaboooooom!
Even if the decision was made to do away with other taxes, it's only a tax shift to the ONE TAX over which you have ZERO CONTROL. If income goes done, so does your income tax.
The state control is the percentage rate they set the LVT at. After that it is self-regulating. If the economy drops so does your LVT. If the district you live in drops in value for whatever reason so does the LVT.
You can move to an internal tax haven by moving to a lower LVT town or district - that doers not mean poorer quality district. If you want to live in the boonies, your LVT will be pennies as the land is not worth much at all. It scales up and down naturally for all.
Land is not socialized under LVT. If it was it would be leased out as in Hong Kong. LVT caters for private ownership - all stays the same.
Martin Wolf, Chief Economist of the Financial Times....
"Even if the state owned all land, it could auction its use (like the spectrum). Again, this is a perfectly adequate price discovery mechanism. It could then lease the land for long periods and renew the leases, again at auction. All these are perfectly valid price-setting mechanisms."
"leaseholds can always be resold in the market, too."
I agree, no one should have to pay to continue to own their land. Abolish ALL property taxes, that includes LVT.
LVT does not charge you owning your land. You pay once and only once for the land. LVT reclaims community created wealth that soaked into the land. The wealth in the land is NOT the landowners. You have difficulty with is - just accept it for now.
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