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Land Value Tax taxes the value of land, and replaces taxation on property. Most of the ‘value is in the land’, which is actually ‘created’ by the state in terms of what it puts around that land, hence the state seeing a return (in terms of tax) for that is entirely reasonable (and more ‘leading nations’ are doing it). In terms of pure economics, it is also argued to be one of the fairest/robust taxes to put in place, as the ultra rich landowners (who have profited heavily recently from all the wealth transfer) pay it, can’t avoid it, and can’t simply pass the cost of it on to others (due to natural supply/demand economics) … I would personally suggest all nations consider this carefully … as successful nations in the future will certainly be looking at it, and using it …
