{"id":6839,"date":"2013-03-02T22:41:56","date_gmt":"2013-03-03T03:41:56","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6839"},"modified":"2013-03-02T22:41:56","modified_gmt":"2013-03-03T03:41:56","slug":"in-support-of-land-taxes","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/02\/in-support-of-land-taxes\/","title":{"rendered":"In support of land taxes"},"content":{"rendered":"

Thanks to Alex Fletcher who submitted this as a comment:<\/p>\n

From a purist point of view I believe Geolibertarianism<\/a> is the moral philosophy that should guide taxation:-<\/p>\n

\u201cGeolibertarians are advocates of geoism, which is the position that all natural resources \u2013 most importantly land \u2013 are common assets to which all individuals have an equal right to access; therefore, individuals must pay rent to the community if they claim land as their private property. Rent need not be paid for the mere use of land, but only for the right to exclude others from that land, and for the protection of one\u2019s title by government. They simultaneously agree with the libertarian position that each individual has an exclusive right to the fruits of his or her labor as their private property, as opposed to this product being owned collectively by society or the community, and that ‘one\u2019s labor, wages, and the products of labor’ should not be taxed.\u201d<\/p>\n

In reality though it is about what is practically possible. The Henry review [in Australia] aimed for four bases \u2013 personal income, business income, consumption and economic rents of natural resources and land. At present land tax has a much smaller role than the other three.<\/p>\n

Any change to increase the proportion of total taxation from LVT can only be achieved slowly and with much opposition. The ACT proposal to change existing property taxes and stamp duty to an annual LVT is the best start one can hope for. The plan is such that if a landowner really wants to keep stamp duty instead of an annual fee they can virtually do so. There was an article in The Drum<\/a> about it.<\/p>\n

I believe GST is more efficient than income tax and in that context may be better. However if, as geonomics asserts, the main contributor to unemployment is that land is priced out of reach, increasing the GST and broadening the base without a broad-based LVT as well, would not abolish unemployment and so would increase hardship for the very poor.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Thanks to Alex Fletcher who submitted this as a comment: From a purist point of view I believe Geolibertarianism is the moral philosophy that should guide taxation:- \u201cGeolibertarians are advocates of geoism, which is the position that all natural resources \u2013 most importantly land \u2013 are common assets to which all individuals have an equal … <\/p>\n

Continue reading “In support of land taxes”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[1537,2065,2176],"class_list":["post-6839","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-geoism","tag-land-tax","tag-lvt"],"yoast_head":"\nIn support of land taxes - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In support of land taxes - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Thanks to Alex Fletcher who submitted this as a comment: From a purist point of view I believe Geolibertarianism is the moral philosophy that should guide taxation:- \u201cGeolibertarians are advocates of geoism, which is the position that all natural resources \u2013 most importantly land \u2013 are common assets to which all individuals have an equal … Continue reading "In support of land taxes"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/02\/in-support-of-land-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-03T03:41:56+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"In support of land taxes\",\"datePublished\":\"2013-03-03T03:41:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/\"},\"wordCount\":345,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"geoism\",\"land tax\",\"LVT\"],\"articleSection\":[\"Australia & NZ\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/\",\"name\":\"In support of land taxes - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2013-03-03T03:41:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2013\\\/03\\\/02\\\/in-support-of-land-taxes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"In support of land taxes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Yves Smith points out: Income and sales taxes add to the price of doing business, and hence reduce their supply and competitiveness. Most economists \u2013\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9323,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/03\/deflating-australias-land-bubble\/","url_meta":{"origin":6839,"position":1},"title":"Deflating Australia\u2019s land bubble","author":"ColinTwiggs","date":"March 3, 2014","format":false,"excerpt":"Great post by Leith van Onselen Reproduced with kind permission from Macrobusiness.com.au. Prosper Australia has provided a submission to the Senate Inquiry into Housing Affordability, which is well worth a look. The submission first provides nine metrics illustrating Australia\u2019s residential property bubble, which include the following: It took forty years\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_18 Jul. 05 10.22","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/03\/ScreenHunter_18-Jul.-05-10.22-200x200.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6637,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/liberty-and-property-matt-zwolinski-libertarianism-org\/","url_meta":{"origin":6839,"position":2},"title":"Liberty and Property | Matt Zwolinski | Libertarianism.org","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"Interesting discussion from Matt Zwolinski on the conflict between individual freedom and property rights, the two basics tenets of Libertarianism: A property right in land is a right to control access to that land. It is a \u201cright to say \u2018No\u2019.\u201d But if all land is privately owned, and all\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6638,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/getting-the-property-problem-wrong-david-d-friedman-libertarianism-org\/","url_meta":{"origin":6839,"position":3},"title":"Getting the Property Problem Wrong | David D. Friedman | Libertarianism.org","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"David D. 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