Discover and read the best of Twitter Threads about #lvt

Most recents (4)

An esoteric point that illuminates a key point: a land value tax (#LVT) is not a tax; rather, it is a method to remove a subsidy, which is the price of land. Passing an LVT is akin to repealing a subsidy payment to landowners not wanting to pay the current market value of land.
What is the key point? If an LVT repeals a subsidy, then we can sidestep discussion about whether it is a "progressive tax" or not. Rather, we can then frame the discussion around whether repealing the subsidy is a progressive move.
When there is talk about cutting food stamps, it is said that removing this subsidy is not progressive because it goes exclusively to lower income people. So if we look at land price as a subsidy, to whom is this subsidy going, i.e. cui bono?
Read 13 tweets
(1/17)

The Story Behind The Countryside Living Allowance…

…or…

How I discovered a policy that could raise wages and bring about full employment…

…a thread.

#CLA
(2/17)

Minimum wage can drive marginal workers into unemployment.

Or push them into undesirable jobs with no room for professional growth.

So a policy that can promote employment AND raises wages is the Holy Grail of Economics

#fullemployment #wages
(3/17)

It all began when I was working on a project for tax and welfare reform.

My job was to investigate the revenue generating potential of Land Value Tax and the ease of avoiding payment.

#LVT
Read 17 tweets
Arguments that #libraries are beneficial really don't have anything to do with the #consent argument against #taxation, so they are really quite uninteresting, and not at all even an argumentative response to the good professor. That being said, it's important to understand…
#Libraries are terribly underfunded, when they should be a top priority for civic spending. It is not inconsistent to be pro library funding and con taxation, if you argue for a #noncoercive yet still #compulsory financing source, i.e. Just Rent #LVT. Most libraries cannot…
accept donated books, because they simply cannot afford the staff and infrastructure required to preserve and maintain an ever-growing stock of physical texts. #Libraries must therefore concentrate on what items #librarians deem important or popular in their community. …
Read 14 tweets
Ran an errand on foot — the best way to see a city — and I noted more business closings along a major highway inside the Seattle city limits. More open spaces/brownfields/derelict buildings to show off, I guess.
So what's the cause? High taxes/costs of doing business? Given that property taxes along that stretch are about 1% of property values, is that reasonable?
The parcel I noticed is valued at $610,000 for about 12,197 ft^2. Call me Kreskin but my guess was that the taxes would be about $6,000 (1%) and they are in fact $6,895.20.
Read 20 tweets

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