John Linder On Taxes

http://www.youtube.com/echopulse

John Linder effectively explains the fairtax.

Category:

News & Politics

Tags:

• fairtax
• tax
• reform
• irs
• linder
• boortz
• hannity
• hr
• 25

[dtvgmedia]

"When you buy land you buy an asset that is made valuable by the community that surrounds it "

U just said it. You bought it. means U created wealth doing something & used to for trade for land @ a market value decided between last owner and U. Additionally every land owner is speculator (buy/hold/sell). So what big deal. lvt ends up taxing what it takes to survive.

Community improvements value was payed though "sales income and property" taxes. Paying lvt on the taxes U payed is stupid.

[ourearthhome]

dtvgmedia: land value taxation is the only thing that can fix the trade deficit. Elimination of all taxes on labor and capital that are passed on in the price of goods and reliance on land value taxes none of which can be passed on reduces the cost of goods. In addition the tax on land values drives the cost of land down to producers (by driving out land speculation). The combo of no passed on taxes and lower land costs result in cheaper and way more competitive goods.

[ourearthhome]

dtvgmedia: real estate is primarily land and secondarily the improvements on it.

When you buy land you buy an asset that is made valuable by the community that surrounds it not by anything you do on the land. Purchase of land is the same as buying a slave; in this case community is the slave made to work, deliver valuable services but not paid anywhere near fully by the landowner who receives them. Renters pay twice in land rent and then in taxes to pay for services that increase land rent.

[ourearthhome]

dtvgmedia: The fact that I pay a tax on my labor and profits from investment in real capital is not payment for my land. When I paid the person from whom I bought my land he put it in his pocket as an unearned income only possible because the community penalized my labor and real capital investment so the land seller could keep the community created value of his land that he did not himself create. Renters of land pay twice first in land rent and then in taxes for services that drive rent up.

[dtvgmedia]

net worth, not net work

[dtvgmedia]

They already payed for it. It is called taxes. property tax sales tax property tax. Although many will argue weather the distribution was fair but the point is the Value of land created though community has been payed.

U R suggesting Taxing them again in a manor that will destroy the value of most of what people worked for

You say your only taxing land value but real estate is attached to the land.

Consequential bankruptcies with negative net work reward poor choices.

[dtvgmedia]

What I said is, u propose 2 "replace" the income tax with a land value tax. LVT continues to remain embedded in production. I never suggested lvt is in addition to present cost.

We fairtax supporters suggest using a sales tax to replace the income tax. National sales tax is the only tax where producers compete fairly (tax wise) with imports. Tax consumption of domestic and imports the same, as well as domestic exporters compete internationally on the same tax footing as other products

[ourearthhome]

dtvgmedia: you are right. Maintaining and increasing the value of your house and selling it for a profit if you can is not injustice. That is an earned income. But get this. Nothing you do to your house or any other improvement on your land increases the value of your land period. Land value is created by and only by the community as a whole. You create land value only as one equal member of your community and you do not and cannot alone increase the value of your particular piece of land.

[ourearthhome]

dtvgmedia: Yes, if you are renting land you are passing that cost on in the cost of goods you produce. The cost of land like any other cost of production is already part of the price of goods produced. The landowner who has to turn over land rent to government cannot charge more for land because its full rental value is already being charged and collected. The land value tax thus cannot be passed on in higher rents and thus cannot be and is not passed on in higher prices of goods produced.

[dtvgmedia]

relestate is attached to land

Additionally

doesn't matter if i worked on my land to create value in it by plowing a field, landscaped, it planted a tree or payed to have it done with the value i created else ware. i could have even bought it after the value was created and payed for it with my hard work good choices and sacrifices.