In communist counties, unemployment is eliminated!

[Steven Douglas]

Hong Kong is a gateway to China. HK is not at a natural international trade crossroads like Singapore is.

Both of those sentences were written by you, next to each other. Which one do you agree with?

Boy you are slow.

Actually, slow would be writing something as blitheringly uninformed as:

Hong Kong is a gateway to China.
Hong Kong is not at a natural international trade crossroads like Singapore is.

The first statement would be irrelevant, were you not trying to make it a limiting statement, one that constrained Hong Kong as "just a gateway", as if it was just a front office economic liaison for China. That's what made it stupid. Your second statement couldn't have been more ridiculous. Hong Kong has been a major international financial hub, not to mention "major international trade crossroads", thanks mainly to the British, since long before the lease expired.

Hong Kong the top financial center
Posted by: CNN Producer, Paul Armstrong

HONG KONG (CNN) - Hong Kong has leapfrogged the United States and the United Kingdom to take top spot in the World Economic Forum’s 2011 index of financial market development - the first Asian financial center to do so.

According to the forum’s fourth annual Financial Development Report, Hong Kong’s position was bolstered by strong scores in non-banking financial services such as IPO activity - the first public sale of stock by a company - and insurance.

The report ranks 60 of the word’s leading financial systems according to more than 100 variables, from access to different forms of capital and financial services, to financial stability, regulation and the availability of skilled workers.

Top 10

1. Hong Kong
2. United States
3. United Kingdom
4. Singapore
5. Australia
6. Canada
7. Netherlands
8. Japan
9. Switzerland
10. Norway

You might want to go get some more updated blocks.

[idiom]

LVT is geared to the rental value of the property. Which may be a different value to the place in the next street or district.

Rental value is tied nearly entirely to improvements. The market for renting bare land is pretty small. Pure land values should be pretty even from one street to the next.

Unless of course you were planning on taking improvements into account with your tax-shift that doesn't take improvements into account...

[Carson]

"We pretend to work and they pretend to pay us."

I think that was the motto in the USSR.

That is a keeper!

[EcoWarrier]

Rental value is tied nearly entirely to improvements. The market for renting bare land is pretty small. Pure land values should be pretty even from one street to the next.

"Rental value is tied nearly entirely to improvements". That is nonsense. Location, location, location. Land in Manhattan with a shambles of a building on it, rents for more than a brand new building of the same size on the outskirts of Birmingham Alabama. Demand for renting bare land that gives economic gain or advantage is high. How many vacant lots is there in the centre of NY? If there was one, they would be lining up to rent the land and build on it.

LVT is geared to the rental values of LAND not improvements.

Keep going, you may get there eventually.

[EcoWarrier]

Hong Kong is a gateway to China.
Hong Kong is not at a natural international trade crossroads like Singapore is.

Boy you are slow. Look at a map. Under Communism Hong Kong was a gateway to China for the rest of the world. It still is despite China opening up.

"Hong Kong is not at a natural international trade crossroads like Singapore is". Pay attention at the back! That is self explanatory. Again look at a map and see the locations of both.

Thank you for posting this below. This is encouraging from you. It shows the effect taxing land has on Hong Kong and Singapore, catapulting these two to world-class fianacial players. Production and trade is penalized less in these places. Incidently half of the countries are British Commonwealth or ex empire countries with three out of the five using LVT in some form.

The report ranks 60 of the word’s leading financial systems according to more than 100 variables, from access to different forms of capital and financial services, to financial stability, regulation and the availability of skilled workers.

Top 10

1. Hong Kong
2. United States
3. United Kingdom
4. Singapore
5. Australia
6. Canada
7. Netherlands
8. Japan
9. Switzerland
10. Norway

You may get there in time. Keep going.

[idiom]

"Rental value is tied nearly entirely to improvements". That is nonsense. Location, location, location. Land in Manhattan with a shambles of a building on it, rents for more than a brand new building of the same size on the outskirts of Birmingham Alabama. Demand for renting bare land that gives economic gain or advantage is high. How many vacant lots is there in the centre of NY? If there was one, they would be lining up to rent the land and build on it.

LVT is geared to the rental values of LAND not improvements.

Keep going, you may get there eventually.

How is that rents inside down-town Manhattan vary so greatly then? Surely the land they are on is comparable? Even on the same plot of land rents vary greatly.

How can rates vary so greatly on one plot of land if the land value is the primary factor?

[idiom]

Thank you for posting this below. This is encouraging from you. It shows the effect taxing land has on Hong Kong and Singapore, catapulting these two to world-class fianacial players. Production and trade is penalized less in these places.

You may get there in time. Keep going.

LVT doesn't affect trade, because the resources used come from other regions where LVT is not enforced.

On the other hand production, which is affected by LVT, has almost entirely fled both Islands leaving them bubble economies just as classical economics predicts.

[Steven Douglas]

The report ranks 60 of the word’s leading financial systems according to more than 100 variables, from access to different forms of capital and financial services, to financial stability, regulation and the availability of skilled workers.

Top 10

1. Hong Kong
2. United States
3. United Kingdom
4. Singapore
5. Australia
6. Canada
7. Netherlands
8. Japan
9. Switzerland
10. Norway

This is encouraging from you. It shows the effect taxing land has on Hong Kong and Singapore...

Actually, it illustrates nicely just how completely lost in your Geonomics panacea naivete you really are. Through the magic of your myopic LVT fantasy lens, you see a list of top international finance centers, immediately cherry-pick two of them, and jump to a Post hoc ergo propter hoc Non Sequitur fallacy as you conclude that their order on the list is solely attributable, not just to tax policy, but tax policy as it relates to land!

Well, here's another list, along with an equally relevant conclusion:

1. Carlos Slim (Mexico) - $74 billion, telecommunications (Bentley Continental Flying Spur)
2. Bill Gates (USA) - $56 billion, Microsoft (Porsche 959 Coupe)
3. Warren Buffett (USA) - $50 billion, Berkshire Hathaway (Cadillac DTS)
4. Bernard Arnault (France) - $41 billion, LVMH (BMW 7-series)
5. Larry Ellison (USA) - $39.5 billion, Oracle Corp (McLaren F1)
6. Lakshmi Mittal (India) - $31.1 billion, steel (Super Luxury RV)
7. Amancio Ortega (Spain) - $31 billion, retail (Audi A8)
8. Eike Batista (Brazil) - $30 billion, mining, oil (Mercedes-Benz SLR McLaren)
9. Mukesh Ambani (India) - $27 billion, petrochemicals, oil and gas (Maybach)
10. Christy Walton & family (USA) - $26.5 billion, Wal-Mart (2006 Ford F-150 King Ranch)
11. Ingvard Kamprad (Sweden) - $26 billion, Ikea (1993 Volvo 240)

This list shows the effect that car choices had on Carlos Slim and Bernard Arnault. Note the choices of the relatively poor Christy Walton and Ingvard Kamprad, the poor fools.

[EcoWarrier]

Actually, it illustrates nicely

The list indicatas nicely the effects of taxing land values. The message must be sinking in somewhere.

< snip drivel about cars >

[EcoWarrier]

LVT doesn't affect trade,

This has been explained to you. The example of Denmark's enterprise expansion under LVT has also been given. LVT reduces, or eliminates:

1. Income Tax - which penalizes production.
2. Sales Taxes - a transaction tax, which penalizes trade.

Hence why in societies where LVT is implemented it works briliantly in promoting enterprise.

LVT also reduces the possiblity of free-loaders.