Richard Murphy on Nostr: Land value taxation is not a panacea Land value taxation is a 19th-century idea that ...

Land value taxation is not a panacea https://www.taxresearch.org.uk/Blog/2024/08/27/land-value-taxation-is-not-a-panacea/ Land value taxation is a 19th-century idea that has very rarely been used. Its proponents say it is the great unavoidable tax that could potentially replace all other taxes. The problem is it is based on assumptions that might be fine in theory but which would be incomprehensible in practice – and that’s no way to impose a tax charge.