tag:blogger.com,1999:blog-1141932539860553199.post6151918397448306947..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Legal and economic incidence of a taxMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1141932539860553199.post-56980656774580099072009-02-13T11:56:00.000+00:002009-02-13T11:56:00.000+00:00HH, for sure, as the example of 'flatland' areas i...HH, for sure, as the example of 'flatland' areas in most of the USA, where there are next to no planning restrictions, towns just expanded outwards over the last decade - there was no big rise in house prices. The USA property price boom was on East and West coasts where there are stricter planning restrictions - and where prices are now crashing.<BR/><BR/>So allowing people to build new homes and offices around existing towns (or wherever else they think it's appropriate) helps people at the margin. That's libertarian orthodoxy and all perfectly correct. We're agreed there. People in these areas wouldn't pay much in LVT either, obviously.<BR/><BR/>But land values in town centres, round train stations, where there's a nice view etc will always be much higher than at the margin. It is these much more valuable areas that are by definition restricted in supply, where the landowner makes windfall gains through no effort of his own. So by taxing those values, you do not depress productive economic activity - simply owning land is not an activity.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-21236074561867753012009-02-13T00:22:00.000+00:002009-02-13T00:22:00.000+00:00Error..Error..Does Not Compute..Does Not Compute.....Error..Error..Does Not Compute..Does Not Compute....<BR/><BR/><I>This has nothing to do with politics at all, it is borne out by observation and commonsense.</I><BR/><BR/>&<BR/><BR/><I>Land Value Tax applies mainly to non-agricultural land values, as land with planning permission is in fixed supply</I><BR/><BR/><BR/>...and on the 3rd day, the lord maketh planning permission, and it was good...<BR/><BR/><BR/>*sigh*<BR/><BR/>Now, as I said on that thread... I am a libertarian, not a thatcherite, or a free marketeer, or whatever. And the <I>moral</I> or <I>political</I> consequences of giving the state complete control, via planning/zoning and tax, of who may live where is unacceptable in my book.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-12474750991070198422009-02-12T16:52:00.000+00:002009-02-12T16:52:00.000+00:00It's all very well being right and understanding a...It's all very well being right and understanding all this, but 'the public' won't get it, at least not easily. And all sorts of charlatan politcos will have a field day with lies and spin....unless we are very lucky indeed and someone gets into power who has the intelligence, knowledge, political skills, energy and time to implement the tax changes required to drive forward growth and wealth creation. And I haven't even got round to metioning to antics of that other group of fascists, the ecomentalists.<BR/><BR/>You know I'm with you on all this, but really, sometimes I do despair...<BR/><BR/>PS Osborne G does not inspire such confidence.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-31543154637110787982009-02-12T15:57:00.000+00:002009-02-12T15:57:00.000+00:00The laws of supply & demand don't work for...The laws of supply & demand don't work for land as they do for cars. If the price goes up the amount of it doesn't increase.<BR/><BR/>Except in Holland or if building L5space colonies.neil craighttps://www.blogger.com/profile/09157898238945726349noreply@blogger.com