The Single Tax - Land Value Tax (LVT)

[JohnLVT]

Well, since you keep regurgitating the same (incorrect) lines,

I know exactly what I am writing. Firstly try to understand where land values come from. After you understand tat then all after will be simple.

I have the impression most here do not like societies or people and are extremely self-centered. LVT can accommodate you though. You pay no tax on your labors and the goods you buy.

[heavenlyboy34]

I know exactly what I am writing. Firstly try to understand where land values come from. After you understand tat then all after will be simple.

I have the impression most here do not like societies or people and are extremely self-centered. LVT can accommodate you though. You pay no tax on your labors and the goods you buy.

Actually, we do like societies. (We're self-interested, not self-centered. There's nothing selfless or virtuous about LVT, FYI) That's why we oppose statism (which your LVT regime requires)-the number one destroyer of societies.

[Zippyjuan]

It is just that a land value tax is a bad form of taxation compared to others. The value of land is arbitrary in most cases and a true value cannot be determined until it is actually sold and two parties agree on what they are willing to pay for it and sell it for. If the value of the land changes and the taxes on it are also changed, then the owner is paying taxes on unrealized gains- I don't get to enjoy the increase in the value of my property until I actually sell it. The tax is not based on what I may or may not be able to pay while an income tax is based on actual gains and if I earn more then I have more money to pay taxes with while the value of my property may go up while my wages don't so I get forced to pay a higher percent of my earnings in the form of taxes. I may even end up losing something I worked and saved for simply because somebody else thinks it may be more valuable. Can't get closer to actually stealing than that.

[JohnLVT]

There is little difference between property taxes and LVTs. If we improve what is on the land, the value of the land goes up so as I pointed out earlier, it is next to impossible to separate the two.

Totally incorrect. A line of about 50 houses in road. All the same. Value of them all inc land building is $300,000. The land values will be the same in all of them. In the centre of the row of houses, one is burnt down. The house is cleared and the vacant plot is sold. The insurance company stated the rebuild cost is $100,000. Guess what the plot will sell for? $200,000. Yes, $200,000.

Other houses may extend out the back and the cost of the extension is $20,000. The house/land price will be $320,000. The land value with the extension? $200,000. Get it?

[JohnLVT]

It is just that a land value tax is a bad form of taxation compared to others. The value of land is arbitrary in most cases and a true value cannot be determined until it is actually sold

This is laughable. Real estate agents manage very well in valuing land and house. This display a complete lack of knowledge of how land and houses are valued.

[Zippyjuan]

Still waiting for an explination of what is being "reclaimed" via the LVT.

[WilliamC]

LVT is not a tax. It reclaims wealth created by all. Understand that. Once you do it is easier.

Oh, so once I agree with you and your definitions then it all becomes easy?

Why I can just take what I want by re-defining it as belonging to everybody, then I'll just claim to act in their interest and not my own!

Collectivism at it's finest here on display

[JohnLVT]

That's why we oppose statism

So does LVT. It has no taxes on production and people's labors. LVT rolls back the state.

Your comprehension is very poor. It is best for you to start reading my posts on this thread from the beginning. But understand them. What you do not understand get back to me.

[Zippyjuan]

This is laughable. Real estate agents manage very well in valuing land and house. This display a complete lack of knowledge of how land and houses are valued.

My agent may tell me my home and its lot is worth $200k but that does not matter if I cannot find a buyer willing to pay $200k for it. They may have an idea, but that is not necessarily what it will eventually sell for. It is a guess. And once again, how can I be taxes at a higher rate if I have not made any profits by selling it? What gains have I actually made?

[JohnLVT]

Oh, so once I agree with you and your definitions then it all becomes easy?

They are not my definitions. It is basic economics,. You have been told this. It will be easier once you understand the basics. Your confusion will dissipate.