Dave Wetzel interview on Land Value Tax

Interview with Dave Wetzel on Land Value Tax - for more info visit http://www.labourland.org

Category:

News & Politics

Tags:

• Dave Wetzel
• Land Value Tax
• LVT
• Henry George

[SSTTEEAALLTTHH]

@ihatemoses

No, you won't. Land Value Tax is the only thing within the political system that will not favor the rich and powerful at cost of the landless peasants. Which is why we'll never get it to pass and most politicians, here or on your side of the Atlantic, don't open their mouths about it.

[ihatemoses]

I'm American and I really hope you guys get the LVT. It would make Britain boom and NOT bust and maybe some of us across the Atlantic will have a much easier time getting it implemented into our own states. YOU BETTER GET WORKING ON THIS!  We're in this together!

[EdiblePlanet]

Bravo! Bravo! We remove ALL taxes and collect 100% of the rental value of Land and return 100% of the rental value of Land back to every man, woman and child equally. This ensures that EVERYONE receives a Land Dividend that exactly equals the Land rent on the average piece of Land . This effectively places the monetary system within the boundaries of Life which ensures equal Freedom to ALL. Bravo! Bravo!

[Macrocompassion]

There are 14 ASPECTS OF LAND-VALUE TAXATION (not the 3 on the video clip)

3 GOVERNMENT

1. LVT, adds to the national income.

2. The collection cost of LVT is much less than on other kinds of production-based tax.

3. With LVT, the national economy stabilizes. It ceases to have the 18 year housing boom and bust cycle.

LAND OWNERS

4. LVT is progressive, owners pay tax in proportion to the site value.

[Macrocompassion]

5. Owners pay LVT regardless of how the land is used. When it is leased to tenants some or most of the resulting ground-rent is the tax.

6. LVT stops speculation in land prices. Withholding land from proper use is too costly.

7. The introduction of LVT reduces the sales price of sites, although their value (potential usefulness) may continue to grow.

[Macrocompassion]

8. With LVT, land owners are unable to pass the tax to their tenant renters, due to competition for land use.

9. After LVT is introduced, speculators in land values will want to foreclose on mortgages and withdraw money for re-investment. LVT should be introduced gradually, allowing investors time to transfer money to company-shares, where the expansion will meet the increased demand for produce (see below).

3 COMMUNITY

[Macrocompassion]

10. With LVT, there is incentive to use land for production, rather than it lying idle or being partly used.

11. With LVT, greater working opportunities exist due to cheaper land and a greater number of available sites. Consumer goods become cheaper since entrepreneurs have less difficulty in starting-up and running their businesses. Demand grows, unemployment decreases.

12. As LVT is introduced, investment is withdrawn from land and placed in durable capital goods.

[Macrocompassion]

ETHICS

13. The collection of taxes from productive effort and commerce is socially unjust. LVT replaces this extortion by gathering the surplus rental income which comes without exertion. It is a natural system of money-gathering.

14. Bribery and corruption cease with LVT. Before, this was due to the leaking of news of municipal plans for housing development.